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