$BTC

/USDT Technical Analysis and Trade Signal🚀🎯

Current Price: $96,564.03

Key Indicators:

Bollinger Bands (20, 2):

Upper: $97,727.95

Middle: $97,041.40

Lower: $96,354.86

Parabolic SAR (0.02, 0.2): $97,007.62

Support and Resistance Levels:

Support: $95,600.03 (24h Low)

Resistance: $98,619.99 (24h High)

Price Action & Momentum:

BTC is currently trading near the lower range of its Bollinger Bands at $96,564.03, which suggests potential for a short-term reversal or consolidation within this range. The Parabolic SAR indicates some upward momentum (97,007.62), though the overall short-term trend is negative (-0.63% today).

Momentum Indicators:

Today’s change: -0.63%

7-day change: -2.56% (bearish short-term trend)

30-day change: +34.17% (bullish medium-term trend)

1-year change: +155.87% (strong bullish trend)

Given these indicators, we’re in a consolidation or short-term pullback phase, but the broader long-term trend remains positive.

Trade Signal:

Bullish Scenario (Long Position)

Entry: Buy near $96,350 - $96,500 (around the lower Bollinger Band)

Target Levels:

Target 1 (T1): $97,000 - $97,200 (Middle Bollinger Band and near SAR level)

Target 2 (T2): $97,700 - $98,000 (Upper Bollinger Band)

Target 3 (T3): $98,500 - $98,620 (24h High / Resistance zone)

Stop-Loss: $95,400 (below support level)

Trade Momentum: Moderate upward momentum expected if the price holds above $96,350. The positive long-term trend supports further upside potential.

Bearish Scenario (Short Position)

Entry: Sell if price falls below $96,350 and shows weakness, especially if it breaches the lower Bollinger Band.

Target Levels:

Target 1 (T1): $95,600 (24h Low)

Target 2 (T2): $95,000 (psychological support level)

Target 3 (T3): $94,500 (stronger support region)

Stop-Loss: $97,200 (above the middle Bollinger Band and SAR)

Trade Momentum: Bearish momentum could emerge if BTC fails to hold at the lower Bollinger Band, but overall market sentiment suggests that bearish momentum is likely to be short-lived.