Bitcoin Holds Key Support As Weekend Liquidity Comes In – $98,200 And $107,500 In Focus
Bitcoin remains anchored above key support as weekend trading unfolds, focusing on $98,200 and $107,500. Market participants are watching closely to see if the uptrend can continue over the weekend the economy will trigger a low-level test. The next few moments could define the short-term trajectory of BTC.
Key Support Holds: $94,630 Remaining Key
According to the latter posted by Kamile Uray, Bitcoin is still holding firm above the support level of $89,326, and as long as it remains above this area, the uptrend is likely to continue. This level continues to serve as an important base for bulls, keeping market structure aligned with potential gains.
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If BTC is able to break through $98,200 resistanceThe next key target at $107,500 is in focus. At this level, the decisive move will determine whether the current uptrend is complete or pushes Bitcoin further. A daily close above $107,500 would mark the first high on the daily chart relative to the last wave down, indicating a possible continuation bullish habit.
However, if BTC is rejected at resistance and falls back below $89,326, the downtrend may resume. If the reversal forms within the $83,822–$82,477 support zone, Bitcoin may attempt another move higher, giving the bulls a chance to regain control.
If BTC closes below $82,477, a further decline is expected, which may test the $74,496–71,237 region. This zone has historically served as a strong support zone, with any confirmation retreat from here it could set the stage for another bullish leg.
Bitcoin Weekend Liquidity Ahead: Expect Range-Binding Action
Crypto expert Lennaert Snyder explained that Bitcoin holds a key support level of $94,630, which also serves as a key H4 level to hold. On Friday, BTC retraced and swept this low before settling, underscoring the short-term importance of this area. the market structure.
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As we head into the weekend, Bitcoin is likely to trade within a defined range until Sunday evening or Monday. For bullish traders, the strategy is to hold low and watch for a break of the market structure above $95,820. Once this happens, long positions could point to a monthly high of $97,960.
If a continued rise is expected, only part of the area may be closed at the monthly high, allowing 30%-40% to run to capture additional gains if the momentum persists. However, if BTC loses $94,630 support at H4 and falls back to the previous range, a continuation to the lower lows becomes more likely. In that case, short positions will be considered after confirmation in the re-evaluation, giving traders a systematic way to manage risk and potential downside.
Featured image from Pixabay, chart from Tradingview.com
