#BTCMarketAnalysis

Bitcoin market analysis based on price action.

Market structure.
Bitcoin is currently moving in a consolidation phase after a strong impulsive move. Buyers are still defending higher lows which keeps the overall trend bullish, but momentum has slowed near the upper zone, suggesting a short term range before the next major move.

Key support levels.
First support zone is around 93000 to 92000. This area has acted as a demand zone and buyers previously stepped in from here.
Major support is around 90000 to 88500. If price revisits this area and holds, it can be considered a healthy pullback within an uptrend. A break below this zone would weaken bullish structure.

Key resistance levels.
Immediate resistance is near 96000 to 97000. Price is facing selling pressure here and needs strong volume to break above.
Major resistance is around 99000 to 100000. This is a psychological and technical resistance. A clean breakout and daily close above this zone can open the door for further upside continuation.

Outlook.
As long as Bitcoin stays above the 90000 support zone, the bias remains bullish. Consolidation near resistance usually favors continuation, but rejection from the 97000 to 100000 area could lead to a short term correction toward support before the next move.

Trading perspective.
Bullish scenario. Hold above 93000 and break above 97000 with volume. Targets move higher after confirmation.
Bearish scenario. Rejection from 97000 to 100000 and a break below 92000 can push price toward the 90000 zone.