BTC Breaks the 96,564 Resistance and Targets 98,900

Movements in the Bitcoin market can be surprising at any time. The bullish triangle pattern has experienced a faster breakout than expected, surpassing the 96,500 level without major obstacles. With the price back above this level, the next resistance target is around 98,900. In this context, new purchases are not recommended at the current levels.

Where 96564 Emerges as a Critical Reference Point

The level of 96564 becomes especially relevant as a watch zone, as it represents a confluence of resistance. In the 96564-97500 range, both a consolidated horizontal resistance level and a previous upward trend line converge, forming a double resistance structure that warrants attention. This is precisely the point where bearish traders might reconsider short positions, although with strict risk management.

Trading Strategy: Cautious Operations at These Levels

The recommendation is to maintain a conservative approach, using stop-loss orders and trading with small position sizes without excessive leverage. CME futures data still show unfilled gaps at lower levels, adding an extra element of uncertainty. In summary, 96564 remains a critical zone where the confluence of technical factors demands vigilance, but any trading should be executed cautiously with proper risk management.