🚨$BTC /USDT Technical Analysis🚨
📊The recent price action in BTC/USDT has been characterized by consolidation within a narrow range. The current price is hovering around $92,959.52, down 5.43% in the last 24 hours.
Short-term Outlook:
📉 Short Entry: Consider a short position near the resistance level of $93,200.
🛑 Stop Loss: Place the stop loss above the recent high, around $93,500.
🎯 Target: Aim for the support level at $92,500.
Long-term Outlook:
📈 Long Entry: Wait for a break above the resistance level of $93,200 with a strong bullish candle.
🛑 Stop Loss: Place the stop loss below the recent low, around $92,300.
🎯 Target: Aim for the next resistance level at $94,000.
⚠️Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
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