🚨 $BTC /USDT at the Edge: Will $94,496 Hold or Break? 🚨
Bitcoin ($BTC) is trading at $94,496.55, with slight bearish pressure showing a -0.79% dip. The price hovers near key levels after a recent pullback from its highs, leaving traders on edge as the next move unfolds.
Targets for the Upside:
1. $96,500 – Immediate resistance; a break could spark a strong recovery.
2. $98,000 – Key psychological level and mid-term target.
3. $100,000 – Major psychological barrier signaling a potential breakout rally.
Support Levels to Watch:
$92,500 – Critical support zone; a breakdown could signal further downside.
$90,000 – Last safety net before a deeper correction.
Trade Setup:
Long Entry: Above $96,500 for a potential rally toward $100,000.
Short Entry: Below $92,500 targeting $90,000 or lower.
Stop-loss: Tight stop at $93,000 for risk management.
⚠️ Market Insight: Bitcoin's current range suggests high volatility ahead. Watch for volume spikes near resistance or support levels to confirm the direction.
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