Bitcoin updates the latest trend + sharing support and resistance levels！！！ #BTC $BTC

🚀 Market news at noon: Bullish engulfing candlestick pattern recovers strongly, resistance at 91,500 becomes support
Latest situation:
V-shaped reaction: Yesterday (Monday) evening, we were worried that 91,600 was a false breakout (then dropped to 90,400), but after a night of recovery, BTC showed extremely strong resilience. The upward momentum not only held the 90,000 level but also, during Asian session today, surpassed yesterday’s bearish candle, currently reaching 91,876 and breaking yesterday’s high.
Structural shift: 91,500 - 91,600 was previously a resistance level, but after being effectively broken, it has become the most important support level of the day (trend reversal). This indicates that yesterday’s decline was a complete “cleansing,” removing indecisive positions.
European session forecast: Due to the strong Asian session, it is highly likely that the European session this afternoon will continue the upward trend. As long as it does not fall back below 91,500, the next target for buyers 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 (trend reversal). Yesterday’s high and resistance, which, after being broken today, become the price floor. If the price does not fall below this zone, it is a strong signal for upward momentum.
90,800: Strong intraday support. The peak of the fluctuation zone before the morning rally.
90,000: Solid bottom. After yesterday’s cleansing, the 90k support level has been reaffirmed.
Medium-term support (1-2 weeks, wave-based)
88,500: Peak of the box structure.
86,000: Trend dividing line.
84,500: Major bottom.
Short-term resistance (1-3 days)
92,500 - 92,800: Immediate resistance. Pressure from the intermediate zone during last week’s decline, also the first short-term profit-taking point.
93,500: Strong resistance. Under pressure from the downward trendline, also a necessary step to challenge the old high again.
94,415: Old peak resistance (January 6 high).
Medium-term resistance (1-2 weeks)
96,500: Fibonacci extension target.
98,000: Psychological target before reaching 100,000.
100,000: Major historical milestone.
2. Overall analysis and optimal entry strategy
Overall view: Currently, the 91,876 level is in the “continuation of the main upward wave after cleansing” phase.
Buying strategy: The “false decline” yesterday fooled short positions, and the current upward momentum is pushing the price higher. Trend-following is the main approach, especially when the price retraces near 91,500.
Selling strategy: Absolutely avoid shorting at the current price. After breaking important levels, momentum is very strong. Unless facing resistance around 93,500, do not oppose the trend.#GateProofOfReservesReport $GT ‌$BTC ‌