๐จ BTC/USDT Analysis: What's Next for Bitcoin? ๐จ
Bitcoin is trading at $100,533.58, down 3.4% in the last 24 hours, and the market is heating up! Here's the full breakdown you need to stay ahead:
๐ Key Levels to Watch
๐ฅ Resistance Zone: $104,000โ$105,000
Multiple price rejections here show strong selling pressure. Watch for a breakout to indicate the next big move!
๐ก๏ธ Support Zone: $98,500โ$99,000
Bulls are defending this level fiercely! If this holds, expect a rebound to higher levels.
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๐ Buy and Sell Zones
โ Buying Opportunity:
Look for entries between $98,800โ$99,300, a low-risk zone for accumulation.
โ Selling Zone:
Target exits near $104,000โ$105,000, where the market has consistently faced resistance.
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๐ Market Trends
๐ Current Trend: A short-term pullback after failing to sustain above $104,000.
๐ Volume Spike: Over 55,847 BTC traded in 24 hours, signaling increased activity.
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๐ง Trading Strategy
๐ก Bullish Plan:
If BTC holds above $98,800, prepare for a potential bounce to $104,000+.
Breakout above $105,000? Next stop could be $110,000!
๐ฅ Bearish Warning:
A drop below $98,500 could trigger further downside, with targets at $96,000 or $94,000.
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๐ The Big Picture
The market is at a critical point. Will BTC rebound and break $105K, or are we in for a deeper correction? Traders, keep your eyes on key levels and trade with precision!
Where do you think BTC is headed next? ๐ง Drop your thoughts below!
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