$BTC /USDT Technical Analysis and Trade Ideas 🚨

Current Price: 97,653.01 USDT (-0.73%)

24H High: 98,500.00 USDT

24H Low: 92,232.54 USDT

BTC/USDT has rebounded after testing strong support at 92,232.54, showing signs of a short-term bullish recovery. The next critical resistance level stands at 103,248.19, while a break below support could lead to further downside.

Long Entry Strategy:

Entry Zone: 96,000 - 97,000 (on consolidation above key support)

Target 1: 100,000

Target 2: 103,200

Stop Loss: Below 95,000

Short Entry Strategy:

Entry Zone: Near 103,200 - 103,500 (on rejection at resistance)

Target 1: 97,000

Target 2: 94,000

Stop Loss: Above 104,000

The immediate outlook suggests a likely retest of the 100,000 mark if buying momentum sustains. However, a failure to hold above 97,000 could result in a decline toward the critical support zone at 92,000. Adjust risk management accordingly as volatility increases.$BTC

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