$BTC
/USDT Technical Analysis & Trade Signals
Current Price: $97,829.22
Trend: Upward momentum (+1.46%), suggesting bullish sentiment.
Key Technical Levels:
1. Resistance Levels:
Target 1: $98,300 (minor resistance, 24h high breakout).
Target 2: $99,000 (psychological resistance).
Target 3: $100,500 (strong resistance, round number milestone).
2. Support Levels:
Immediate Support: $96,800
Critical Support: $95,700 (24h low).
Indicators:
RSI: Approaching overbought (60-70 range), signaling strength but caution for pullback.
MACD: Bullish crossover observed, supporting upward momentum.
Volume: High trading volume (1.82B USDT in 24h) confirms active market participation.
Trade Momentum:
Bullish Signal: If price sustains above $97,900, look for breakout toward $98,300 and beyond.
Bearish Signal: A dip below $96,800 could trigger a pullback toward $95,700.
Recommendation:
Buy Entry: $97,800-$98,000 with targets at $98,300, $99,000, and $100,500.
Stop Loss: $96,500 (below critical support).
Trade with proper risk management and keep an eye on market conditions.
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