The daily chart shows BTC consolidating below the 98,000 resistance zone after rejecting from the 100-day moving average. Price is currently trading around 95,000 with declining volume — a classic distribution phase forming.

Key Levels

• Resistance: 98,000 (daily MA rejection), 100,000 (psychological)
• Support: 92,500 (recent swing low), 90,000 (major demand zone)
• Invalidation: A close below 92,500 would break the structure and target 88,000.

The Setup

We're watching for a clean break of 98,000 on increased volume to confirm the next leg up. Until then, range-bound behavior between 92,500-98,000 is expected. RSI at 48 — neither overbought nor oversold, neutral.

Risk/Reward

• Entry: 98,000 breakout confirmation
• Stop: 92,400 (just below support)
• Target: 105,000 (R:R approximately 2.5:1)

The question is not whether this breaks higher — it is whether you are positioned before the breakout triggers. Drop your thesis below.