🚨$BTC /USDT Technical Analysis🚨
📊Bitcoin continues its downward trend, currently trading at $95,258.94. The 24-hour trading volume remains high at 33.539B BTC and 3.21B USDT. The price has experienced a slight 0.99% decline in the past 24 hours.
Short-Term Outlook:
📉 Short Entry: Consider a short position around $95,500 with a stop loss at $96,000.
🎯 Short Target: Aim for a potential target of $94,000.
Long-Term Outlook:
📈 Long Entry: A long position could be considered around the $94,000 support level with a stop loss at $93,500.
🎯 Long Target: The long-term target remains at the $100,000 resistance level.
⚠️Overall, the market sentiment remains bearish. Traders should exercise caution and manage their positions effectively.
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