$BTC

/USDT Technical Analysis & Trade Signals

Current Price: $101,462.76 (+1.22% in 24h)

24h High: $102,650.00 | 24h Low: $99,990.00

Bollinger Bands: The price is testing the upper Bollinger Band ($101,764.64), suggesting potential upward pressure.

Moving Averages:

MA(5): $99,164.50 (short-term trend indicates bullish momentum)

MA(10): $119,322.18 (long-term trend may show resistance at higher levels)

Trade Signals & Targets:

1. Target 1 (Short-Term): $102,000

Action: Bullish momentum with price nearing resistance. Consider entering on a breakout above the $101,764 level.

2. Target 2 (Medium-Term): $103,000

Action: If the price holds above $102,000, the momentum might push towards this next resistance.

3. Target 3 (Long-Term): $104,500

Action: Should the bullish trend continue, aim for this higher level, particularly if price stays above MA(5) and breaks through $102,650.

Momentum:

Bullish: The price is above MA(5), and recent price action is pushing towards the upper Bollinger Band.

Possible Risk: Watch for a pullback if the price fails to hold above $101,000, as this could signal a reversal.

Recommendation: Consider entering near current levels for short-term gains with targets set at $102,000, $103,000, and $104,500, but monitor for resistance around $102,650.

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