$BTC /USDT Technical Analysis
Current Market Status:
Price: $95,253.54 (-1.93%)
Resistance Levels: $97,500, $98,130 (24h High)
Support Levels: $94,766 (24h Low), $93,500 (next major support)
BTC is experiencing a downward momentum as the price fails to hold above $95,500. The RSI indicates overselling near 40, and MACD shows bearish crossovers, signaling potential further downside if buyers don’t step in.
Trade Setup and Signals:
1. Entry Points:
Buy Entry: Near $94,800 (support zone)
Sell Entry: Around $96,800-$97,500 (resistance zone)
2. Targets 🎯:
Target 1: $96,200 (short-term recovery)
Target 2: $97,500 (resistance retest)
Target 3: $98,300 (bullish breakout zone)
Stop-Loss:
Place a stop-loss at $93,500 to minimize risks.
Trade Momentum:
Short-Term: Bearish; watch for a bounce near $94,800.
Mid-Term: Neutral to Bullish; recovery expected if $97,500 is breached.
Long-Term: Consolidation likely between $93,500 and $98,000 unless a strong breakout occurs.
Pro Tip:
Monitor volume and macro market conditions before taking positions. A breakout with high volume above $97,500 may signal a bullish continuation.