$BTC /USDT Technical Analysis
Current Price: $98,163.46 (+4.28%)
Timeframe: 30-minute chart (Binance)
Key Levels & Targets
1. Immediate Resistance:
Target 1: $99,000
BTC is consolidating near the $99,000 resistance level. A breakout above this could trigger bullish momentum toward the next targets.
2. Mid-Term Resistance:
Target 2: $100,000
$100,000 is a psychological level and a key area for traders. A sustained break above it could signal a significant rally.
3. Long-Term Resistance:
Target 3: $102,000
Breaking $102,000 will confirm the continuation of the bullish trend and could attract further buying interest.
Action Plan
Short-Term Traders: Monitor price action near $99,000. Consider partial profit-taking here.
Swing Traders: Target $100,000 and $102,000 with a stop-loss below $97,000 to manage downside risks.
Risk Management: Watch for rejection near $99,000, which may lead to short-term corrections.
Technical Indicators
Momentum: Strong, with buying pressure increasing.
Trend: Consolidation near resistance; breakout expected.
Support Levels: $97,000, $95,000.