📉 Bitcoin Stuck Below Resistance — What Comes Next? Bitfinex Explains
Bitcoin (BTC) briefly climbed above $92K before slipping below $91K, following renewed macro pressure after Trump announced a 25% tariff on countries trading with Iran. Ethereum (ETH) also dipped to around $3,100.
🔍 Bitfinex Outlook:
• Long-term: Bullish 🟢
• Short-term: Cautious 🟡
📊 Key resistance:
• Strong rejection zone at $93,500–$95,000
• Multiple failed breakout attempts in recent weeks
📦 Supply zone alert:
Bitfinex notes BTC is moving into a heavy supply area between $92,100–$117,400, where recent large buyers are positioned. Until this zone clears, price is likely to range and grind higher slowly, not explode upward.
📉 Derivatives update:
• Open options interest dropped from $52.5B → $28.6B
• Cleaner market structure 🧹
• Rising interest in long-term call options, signaling future optimism
👀 Key levels to watch:
• Bitcoin: $95,000
• Ethereum: $3,500
⚠️ Macro risks ahead:
• US inflation data
• Major bank earnings
• Fed statements
• Geopolitical tensions
📌 Bottom line:
$BTC is consolidating. A clean break above $95K could unlock the next leg up — until then, expect volatility and patience.
#Bitcoin #Ethereum #CryptoAnalysis #Write2Earn
