Bitcoin Latest Market Analysis + Support and Resistance Levels Sharing!!! #BTC $BTC

🚀 Midday Market Sudden Change: Bullish Engulfing Strongly Rebounds, 91,500 Resistance Turns into Support
Latest Situation:
V-Shaped Reversal: Yesterday (Monday) evening, we were worried that 91,600 was a false breakout (then dropped back to 90,400), but after a night of recovery, BTC has once again shown strong resilience. Not only did the bulls hold the 90,000 key level, but during today’s Asian trading session, they directly recovered from yesterday’s downward candle, with the current price at 91,876, already surpassing yesterday’s intraday high.
Structural Reversal: Previously, 91,500 - 91,600 was a resistance zone, but after being effectively broken through, it has turned into the most critical intraday support level (top-bottom reversal). This indicates that yesterday’s decline was a thorough “shakeout,” clearing out weak hands.
European Session Expectation: Since the Asian session was so strong, the European session in the afternoon is likely to continue the upward trend. As long as it doesn’t fall back below 91,500, the next target for the bulls is to challenge the 92,500 - 93,000 zone.
1. Support and Resistance Levels (Precise Calculation)
Short-term Support (1-3 days, Intraday)
91,400 - 91,600: Immediate support (top-bottom reversal). Yesterday’s high and resistance level, now turned into a floor after breakout. A pullback that doesn’t break below this indicates a very strong offensive pattern.
90,800: Intraday strong support. The top of the oscillation platform before the morning rally.
90,000: Core bottom. After yesterday’s shakeout, the support at 90k has been validated again.
Medium-term Support (1-2 weeks, Swing)
88,500: Structural box top.
86,000: Trend dividing line.
84,500: Major bottom.
Short-term Resistance (1-3 days)
92,500 - 92,800: Immediate resistance. The intermediate platform pressure during last week’s decline, also the first point for short-term profit-taking.
93,500: Strong resistance. The downward trendline resistance, also a necessary step to challenge the previous high again.
94,415: Previous high resistance (January 6 high).
Medium-term Resistance (1-2 weeks)
96,500: Fibonacci extension target.
98,000: Psychological barrier before hitting 100,000.
100,000: Historic milestone.
2. Comprehensive Analysis and Best Entry Strategies
Overall View: The current price at 91,876 is in the “post-shakeout continuation of the main upward wave” stage.
Bullish Strategy: Yesterday’s “false drop” has already tricked the bears in. The current rally is a short squeeze. Going long with the trend is the main theme, especially when retesting around 91,500.
Bearish Strategy: Strictly avoid shorting at the current price. The momentum is strong after breaking through key levels. Unless encountering resistance around 93,500, do not go against the trend.