Bitcoin remains anchored above key support as weekend trading unfolds, with $98,200 and $107,500 remaining in focus. Market participants are keeping a close eye on whether the uptrend can continue or if it will happen over the weekend liquidity will cause a test at lower levels. The next few sessions could determine BTC’s short-term trajectory.
Key Supports: $94,630 remains crucial
According to a recent after by Kamile Uray Bitcoin is still holding strong above the $89,326 support level, and as long as it remains above this zone, the possibility of the uptrend continuing remains intact. This level continues to act as a crucial base for bulls, keeping the market structure aligned with potential further gains.
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If BTC manages to break $98,200 resistancethe next major goal of $107,500 comes into focus. At this level, a decisive move will determine whether the current uptrend is complete or will push Bitcoin even higher. A daily close above $107,500 would mark the first higher high on the daily chart from the last downward wave, signaling a possible continuation of the price. optimistic trend.
However, if BTC is rejected at resistance and falls back below $89,326, the downtrend could resume. Should a reversal form within the $83,822-$82,477 support zone, Bitcoin could exert new upward pressure, giving the bulls a chance to regain control.
If BTC closes below $82,477, a further decline is expected, potentially testing the region between $74,496 and $71,237. This zone has historically served as a strong support area, and that has all been confirmed reversal from here the stage could be set for another bullish leg.
Bitcoin Weekend Liquidity Ahead: Expect Range-bound Action
Crypto expert Lennaert Snyder outlined that Bitcoin is holding the key support level at $94,630, which also serves as the crucial H4 level to hold. On Friday, BTC rebounded and briefly touched this low before stabilizing, reinforcing the near-term importance of this zone. market structure.
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As we enter weekend liquidity, Bitcoin will likely trade within a range until Sunday evening or Monday. For bullish traders, the idea is to hold the low and watch for a market structure break above $95,820. Once this happens, long positions can target the monthly high of $97,960.
In anticipation of continued upside potential, only part of the position can be closed at the monthly high, allowing 30%-40% to continue rising to capture further gains if momentum continues. However, if BTC loses the $94,630 support at the H4 and falls back to the previous range, a continuation to lower lows becomes more likely. In that scenario, short positions would be considered after confirmation on a retest, giving traders a structured approach to managing risk and potential downside.
Featured image from Pixabay, chart from Tradingview.com