$BTC /USDT: Consolidating Gains with a 1.72% Increase

Bitcoin (BTC) is trading at $97,077.74, reflecting a 1.72% increase over the past 24 hours. The market exhibits steady upward momentum, with prices nearing recent highs.

Key Data Points:

24h High: $97,500.00

24h Low: $94,698.00

24h Volume (BTC): 23,645.83 BTC

24h Volume (USDT): $2.27B

Trade Strategy:

Long Position: Enter above $97,500, targeting $98,000 and $99,000, with a stop loss at $96,500.

Short Position: Consider selling below $96,000, aiming for $95,000 and $94,000, with a stop loss at $97,000.

Market Outlook:

BTC/USDT shows resilience near the $97,000 level, suggesting a potential push towards the psychological resistance at $100,000. However, failure to sustain above $97,500 may trigger a pullback towards $94,000 or lower. Traders should watch for high trading volume and volatility for strategic entry and exit points.

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