$BTC /USDT: Moderate Gains Amid Persistent Trading Volume

BTC/USDT is currently trading at $95,402.03, marking a 2.07% increase over the last 24 hours. Bitcoin maintains its upward trajectory, supported by strong market participation and resilient demand.

Key Data Points:

24h High: $97,208.21

24h Low: $92,847.84

24h Volume (BTC): 41,799.39 BTC

24h Volume (USDT): $3.99B

Trade Strategy:

Long Position: Enter above $95,500, targeting $96,500 and $97,500, with a stop loss at $94,500.

Short Position: Consider selling if the price drops below $94,500, aiming for $93,000 and $92,000, with a stop loss at $95,500.

Market Outlook:

Bitcoin's price action shows resilience, holding above $95,000 amidst robust trading volume. A sustained breakout above $97,000 could signal renewed bullish momentum, with potential upside targets of $98,000 and beyond. On the downside, a drop below $93,000 may lead to a retest of the $92,000 support level. Traders should closely watch global market sentiment and macroeconomic indicators for further cues.

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