SHOT Thrilling Post for $BTC Analysis
$BTC Price Update
The market has seen some major manipulation. After a clean breakout, we witnessed a full retrace in a single candle. The big green candle that pushed prices above $100k also brought in a massive $10B increase in Open Interest within just 24 hours.
The result? Bluechips dropped by 5-10%, and altcoins saw a sharp decline of 10-20%. However, both BTC and altcoins are now sitting at support levels, and a bounce from this zone looks promising.
Key Levels for BTC
1. Buy Zone
Look to buy BTC within the support range of $95,000 to $97,000. This is the zone where demand is likely to increase.
2. Targets
Target 1 (T1): $102,000
Target 2 (T2): $105,000
These levels align with resistance zones, where profits can be taken.
3. Stop Loss
Place your stop loss below $94,000 to limit potential losses.
What’s Next for $BTC ?
A bounce from the support zone is expected. Look for a strong price action confirmation before entering.
If the price breaks below the support, the market may become more bearish, so keep risk management in place.
Watch altcoins for recovery as they are likely to follow BTC’s direction.
Pro Tips
Be cautious: This manipulation shows that whales are still in control. Don’t rush your trades.
Focus on risk management and stick to your stop loss.
Consider diversifying into strong altcoins for higher gains if BTC starts recovering.
Stay sharp, trade smart, and let the market come to you!
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