Binance Analysis: $BTC /USDT
Current Price: $94,341.44
Timeframe: 30 minutes
Technical Analysis:
$BTC is trading near $94,341.44, with some consolidation after a previous price drop. Key support and resistance levels indicate potential targets for upcoming moves.
1. Target 1: $95,200 (Short-term resistance)
A breakout above $94,500 with higher volume can confirm this move.
Ideal for short-term scalpers to secure quick profits.
2. Target 2: $96,000 (Medium-term resistance)
Sustained bullish momentum can push BTC to this psychological level.
Traders should monitor price action for rejection near this zone.
3. Target 3: $97,000 (Extended bullish target)
Achievable if the market sentiment remains positive and BTC maintains upward momentum.
Risk of pullback increases at this level, so secure profits and adjust stop-losses accordingly.
Action Plan:
Long Entries: Above $94,500 with stop-loss at $93,800.
Secure Profits: Partial profit at $95,200 and adjust stop-loss to entry level.
Risk Management: A drop below $93,000 may lead to a retest of $BTC