$BTC is consolidating near $95,400, showing signs of support around the $93,700 zone. The market is currently indecisive, but a breakout from this range could define the next significant move. Traders should watch these levels closely to take advantage of potential opportunities.
Trade Setup:
Long Entry: Above $96,000 (Breakout confirmation)
Stop Loss (SL): $93,500
Take Profit 1 (TP1): $98,500
Take Profit 2 (TP2): $100,000
Short Entry: Below $93,500 (Breakdown confirmation)
Stop Loss (SL): $96,000
Take Profit 1 (TP1): $91,000
Take Profit 2 (TP2): $89,000
This price action reflects potential for a breakout or breakdown, making it critical to wait for confirmation before entering a trade. Use appropriate risk management strategies and adjust your stop loss to secure profits as the trade progresses.