#BTC☀ Market Update: BTC/USDT

Current Price: $96,269.84

Trend: The price has rebounded strongly from a low of $94,766.00 and is now testing EMA99 ($96,277.78), which could act as immediate resistance.

---

Recommendation: Cautious Long (Short-term)

Trade Setup:

Entry: $96,200–$96,300 (current region).

Stop Loss: $95,500 (below recent consolidation zone).

Take Profit Levels:

Target 1: $97,000 (near-term resistance).

Target 2: $98,000 (next key resistance level).

---

Key Observations:

1. EMA Interaction: The price is attempting to cross EMA99, which is crucial for signaling a potential trend reversal.

2. Volume Surge: Increased volume during the rebound suggests stronger buyer interest.

3. Support Zone: $94,766.00 acts as a strong support base for the current uptrend attempt.

A confirmed break above $97,000 will strengthen bullish momentum, while failure could lead to another retest of support near $95,000. Monitor closely for breakout signals.