Key Pivot Zone in Focus: BTC Tests the $92K–$94K Barrier
The key to short-term direction is the $92,000 - $94,000} pivot zone. This area represents a critical intersection of the 50-day moving average and prior structural support, which has now flipped to resistance. The current price action is a coiled spring. High-conviction trading should wait for a break and confirmation of either the $94,000 Resistance or the $85,000 Support. Risk Management is Paramount. Extreme Fear readings have significantly reduced, with the Put/Call Skew premiums declining sharply. Fear is fading, but the market remains cautious, not yet bullish. The market is about to choose a direction. Trade with clear limits and use stop-losses. Don't FOMO in the middle of the range!
$BTC $GT Disclaimer: This is for informational and educational purposes only and is not financial advice. Trade with caution and use appropriate risk management.
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Mahbubsimon
· 12-06 06:48
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Key Pivot Zone in Focus: BTC Tests the $92K–$94K Barrier
The key to short-term direction is the $92,000 - $94,000} pivot zone. This area represents a critical intersection of the 50-day moving average and prior structural support, which has now flipped to resistance. The current price action is a coiled spring. High-conviction trading should wait for a break and confirmation of either the $94,000 Resistance or the $85,000 Support. Risk Management is Paramount. Extreme Fear readings have significantly reduced, with the Put/Call Skew premiums declining sharply. Fear is fading, but the market remains cautious, not yet bullish. The market is about to choose a direction. Trade with clear limits and use stop-losses. Don't FOMO in the middle of the range!
$BTC $GT
Disclaimer: This is for informational and educational purposes only and is not financial advice. Trade with caution and use appropriate risk management.
#JoinGrowthPointsDrawToWiniPhone17 #DecemberMarketOutlook #DecemberRateCutForecast #BitcoinPriceWatch #ReboundTokenstoWatch