Bitcoin Technical Update: Price Action Analysis

BTC just broke above the 94k resistance into the 90-day RVWAP zone, spiking to 97k before pulling back to current quarterly-level support. The 4-hour chart shows a minor bearish divergence forming, which warrants attention.

If the price rejects the current level, we'd likely see a pullback toward the 92k support zone. That could present a potential short opportunity for tactical traders.

The core strategy remains: hold the current level and claim it as support. Once locked in, look to close any short positions and pivot long with a target toward 100k.

Setup is tracking well so far. Key levels to watch: 92k support, 94k intermediate resistance, and the 100k upside target.