$BTC /USDT Technical Analysis
Current Price: $96,249.98 (+0.95%)
Trend: Mixed (Slightly Bullish in the short term but facing resistance at the upper levels).
Support: $94,500
Resistance: $96,950
Indicators:
1. RSI: Near 65 (Approaching overbought zone, caution advised).
2. MACD: Bullish crossover on 1-hour timeframe, indicating upward momentum.
3. Moving Averages:
50 EMA: $95,100 (Price above this level indicates bullish trend).
200 EMA: $93,800 (Strong long-term support).
Trade Signals & Targets 🎯
Buy Zone: $95,000 - $95,300 (If price retraces).
Momentum: Bullish (Short-term), Neutral (Medium-term).
Targets:
Target 1: $96,800 (First resistance level).
Target 2: $97,500 (Psychological resistance, high probability of profit booking).
Target 3: $98,500 (Final target if momentum remains strong).
Stop Loss: $94,300 (Below strong support).
Trading Strategy
Short-Term: Enter near $95,300 for quick profits toward $96,800.
Medium-Term: Accumulate around $95,000 for targets of $97,500 or $98,500.
Risk Management: Use a stop-loss below $94,300 to limit downside risk.