🚀 $BTC

/ 🚀USDT Technical Analysis - Binance Update

Current Price: $95,655.45 (-0.54%)

Timeframe Analyzed: 1D

Key Levels:

1. Immediate Resistance (Target 1): $97,727.11

This aligns with the Upper Bollinger Band. A break above this level could indicate renewed bullish momentum and potential for BTC to test the psychological level of $100,000.

2. Support (Target 2): $94,525.00

The 24h Low and a critical demand zone. If BTC dros below this level, it could signal increased bearish pressure, with a possibility of further downside toward $94,000.

3. Breakout Zone (Target 3): $98,871.80

The 24h High. If BTC can reclaim and close abovt could lead to a surge in buying volume, opening the path toward $99,500 and beyond.

Indicators & Signals:

Bollinger Bands:

BTC is currently trading near the middle band ($96,055.02). A move toward the upper band could signal bullish activity, while a rejection might push prices toward the lower band.

Moving Averages (MA):

MA(5): $645.82996 and MA(10): $648.92617 indicate consolidation. A crossover or divergence could confirm the next trend direction.

Volume Analysis:

24h Volume (USDT): $4.01B and Volume (BTC): 41,394.71 . Increased volume near resistance zones could validate a breakout.

Next Moves to Watch:

A bullish breakout above $97,727.11 could open the gates for $98,871.80 and higher.

If BTC fails to hold $94,525.00, the downside target could be $94,000 or even lower in case of high selling pressure.

Stay updated and manage your risk. Happy trading!

This is not financial advice. DYOR before trading.