Bitcoin Key Decision: Before the $99000 Resistance Level, Should We Push Higher or Wait for a Pullback? Bitcoin, BTC, Digital Currency, Cryptocurrency, Bitcoin Market, Bitcoin Analysis

$BTC Bitcoin is currently at a key resistance level, should we buy or sell?

The Bitcoin price is $95275, facing a critical resistance level of the three-day EMA52 (around $99000), which is an important resistance after the drop from $126000. If this resistance level is broken and the three-day MACD crosses the zero line, an upward trend will be initiated; if it cannot break through, the market may first pull back, and after the pullback, there may be better entry opportunities. Currently, at the smaller time frame (30 minutes), new price highs and energy divergence have appeared, indicating insufficient upward momentum. It is recommended that spot holders continue to observe, and contract traders avoid chasing long or short positions, waiting for a pullback to the MACD rechecking the zero line on 1-hour, 4-hour charts before considering entry.

How to determine if Bitcoin can break through the $99000 resistance level?

The key is to look at the performance of the three-day line level: if the price maintains strong oscillation near the resistance level (up - slight down - then up) and accompanied by the MACD crossing the zero line, the probability of breaking through is high; if weak oscillation occurs (directly plunging), it may initiate a weakening of the three-day line pullback. In operation, it is recommended for spot trading to firmly hold when the support level of $84000 is not broken; contracts can pay attention to opportunities after pullbacks, entering when the MACD rechecks the zero line on 1-hour, 2-hour charts, and using the zero line as the stop-loss point. Also, pay attention to the shape of the second K-line on the three-day line; if a green volume bar appears but cannot break through the resistance level, be cautious of bearish risks.