$BTC /USDT is trading at 98,677.07, up 4.05% in the last 24 hours.At 67.33, it is approaching the overbought zone (above 70). This might indicate a potential reversal or pullback.The trading volume seems consistent but needs confirmation for breakout patterns.The MA (5) and MA (10) are converging, possibly signaling momentum.
Signal Suggestion:$BTC
Long Entry (Buy Signal):
If BTC breaks 98,988 (the resistance level shown on the chart) with increased volume, it may continue upward. Set a stop-loss at 97,500 for risk management.
Short Entry (Sell Signal):$BTC
If BTC fails to break 98,988 and starts retracing below 97,915, consider shorting with a stop-loss at 99,200.
*Take Profit Targets:
*For long: 99,500, 100,000.
*For short: 96,500, 95,600.
