BTC/USDT is showing bullish trend with a price increase of 4.21% in the last 24 hours. The price is trading around $98,242.53, nearing the 24-hour high of $99,487.99. The 9-day EMA ($98,238.11) and 15-day EMA ($98,584.29) indicate strong upward momentum, as the price remains above both EMAs.

However, the Stochastic RSI (24.63) and MA Stoch RSI (12.52) suggest the market is in the oversold zone, signaling a possible reversal or consolidation. If the price breaks the $99,500 resistance, the next target could be $108,353. Conversely, failure to maintain above $94,091.10 (24-hour low) may trigger a bearish move towards $92,707.45.

Given the bullish momentum, consider entering a long position near the current price, with a stop-loss below $94,091.10 to manage downside risk. A short-term target of $100,000 aligns with the ongoing uptrend.

If already holding, monitor the $99,500 resistance closely for potential profit-taking or re-entry opportunities if the price consolidates. Avoid overleveraging as volatility remains high. Use tight risk management to adapt to sudden trend changes.

Not a financial advice