$BTC
/USDT Trading Signal - Key Support Retest
Market Overview: BTC/USDT is trading at $94,735.21 after a sharp rejection from $95,733.99. The price bounced off a low of $94,010.00, signaling potential recovery near the key support zone. The current retracement suggests the market could test higher levels if buyers sustain momentum.
Trading Setup:
Entry Zone (Long): $94,500 - $94,800
Targets:
Target 1 (TP1): $95,500
Target 2 (TP2): $96,200
Stop Loss: Below $94,000
Analysis Highlights:
Support Zone: The $94,000-$94,200 range holds significant importance for short-term support.
Resistance: The immediate resistance stands at $95,733, with breakout potential above this level.
Trend: Bulls need to defend $94,000 for continuation toward $96,000.
Risk Management: Secure partial profits near TP1, and adjust stop loss to breakeven for reduced risk as the price approaches higher targets.