BTC Outlook: Breaking the Key Levels and Strategies

BTC is poised to break significant psychological and technical levels. After digesting the $98,200 resistance, it is likely to quickly break through the $100,000 mark. Weekend fluctuations are expected to be minimal, with support levels at $97,700–$97,450 presenting an excellent opportunity for dip buying to replenish margins.

Key Resistance and Take-Profit Levels
• The $98,800–$100,000 zone has no substantial resistance, with $98,800 acting as a weak barrier and a minor take-profit point for long positions.
• The $100,000 level aligns with the 0.50 Fibonacci retracement, making it a critical psychological marker. However, contract traders are advised to take profits in advance, approximately 100–200 points below, around $99,825.

Post-$100K Breakout Scenario

Once BTC breaks through $100,000, the first significant resistance lies at $102,000. Traders are advised not to chase the rise unless the $99,200–$98,800 support is confirmed after a pullback.
Upon confirming support, BTC could embark on a 10,000-point rally, presenting substantial opportunities for swing and position trading.

Strategic Insight: Take profits cautiously and watch for pullback confirmations before entering fresh long positions. The market sentiment suggests that $102,000 is the next key milestone after breaking psychological levels.