BTCUSD has pushed above its downtrend resistance and is now consolidating just above the $95,000 zone — a key level of breakout and retest. The setup is supported by COT data pointing to long-term bullish positioning:
82.9% of non-commercial traders are net long (as of April 27)
Institutions added 2,411 long contracts the week prior
Short positions are decreasing and net positions improving over time
Technicals + smart money alignment = potential for sustained upside momentum.
Target: $125,299
Stop Loss Zone: Below $90,759
Key Confirmation Level: Daily close above $96,000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.