$BTC /USDT Technical Analysis
Current Price: $98,603.99
24H High: $98,680.94
24H Low: $95,734.77
Analysis:
The $BTC /USDT pair is currently consolidating within a bullish flag pattern, suggesting potential upward momentum.
Trade Ideas:
Long Trade:
* Entry: Above the flag's resistance level ($98,680.94)
* Target: $100,049.57 (flag's pole's top)
* Stop Loss: Below the flag's support level ($95,734.77)
Market Outlook:
The bullish bias is strong due to the bullish flag pattern. A break above the resistance level could trigger a significant rally. However, a break below the support level could signal a potential bearish reversal.
Leverage:
Use appropriate leverage based on your risk tolerance. Higher leverage can amplify profits but also increase losses.
Remember: Technical analysis is not foolproof. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
Note: This analysis is for informational purposes only and does not constitute financial advice.