MAJOR SUPPORT AND RESISTANCE OF BTC BASED ON ORDER BLOCKS

Current Price Action
Bitcoin is trading around $93,041, showing a consolidation pattern after recent price volatility.
The price action suggests Bitcoin is in a critical zone where traders are watching for directional clues.
Support Levels
$92,000 (Immediate Support):

This level has served as intraday support in recent trading sessions.
High trading volumes were observed near this level, suggesting strong buyer interest.
$90,000 (Psychological Support):

Round numbers like $90,000 act as psychological barriers.
Historically, Bitcoin has respected such levels during both upward and downward movements.
$88,500 (Technical Support):

This level aligns with previous consolidation zones and Fibonacci retracement levels (e.g., the 38.2% retracement from the recent rally).
$85,000 (Major Support Zone):

Represents a deeper correction level but remains a critical support based on long-term moving averages (e.g., the 50-day EMA).
Resistance Levels
$94,500 (Immediate Resistance):

Current trading activity shows selling pressure near this level.
Historically, it aligns with a minor peak from earlier price actions.
$96,000 (Strong Technical Resistance):

Close to the upper boundary of recent trading channels.
Converges with key Fibonacci levels (e.g., 61.8% retracement from the last major drop).
$98,000 - $100,000 (Major Resistance):

$100,000 is a significant psychological level for traders.
Breaking this level would signal a strong bullish trend, likely leading to new all-time highs.
Above $100,000:

If Bitcoin crosses $100,000, potential resistance zones could emerge at $105,000 and $110,000 based on historical extensions and trader sentiment.
Other Key Indicators
Moving Averages:

Bitcoin is trading above the 20-day moving average (~$91,500), which is a bullish signal.
The 50-day and 200-day moving averages (~$88,000 and $80,000, respectively) are major support zones.
Relative Strength Index (RSI):

RSI is near 60, indicating neutral-to-bullish momentum. A move above 70 could signal overbought conditions.
Volume Profile:

High trading volume around $92,000–$93,000 suggests significant activity, marking this as a key price region.
Summary
Supports: $92,000 → $90,000 → $88,500 → $85,000.
Resistances: $94,500 → $96,000 → $100,000.
Traders should watch for breakouts or breakdowns at these levels to determine the next price trend.