$BTC /USDT Technical Analysis and Trade Signals
Current Market Status
Price: $101,713.02 (+1.64%)
Trend: Bullish momentum in the short term, supported by increasing volume.
Key Levels:
Support: $99,500 (24h low), $97,800 (major support).
Resistance: $102,650 (24h high), $103,500 (strong resistance).
Trade Setup
Momentum:
BTC is trading in a bullish pattern, with potential for further upward movement, confirmed by strong buy volume and breakouts above short-term resistance levels.
Trade Signal: Buy
Entry Zone: $100,800–$101,500 (on minor pullback or breakout above $101,700).
Targets 🎯
1. Target 1: $102,700 (24h high resistance zone).
2. Target 2: $103,500 (psychological level and key resistance).
3. Target 3: $104,800 (extension level based on Fibonacci retracement).
Stop Loss:
Place at $99,200, just below the 24h low to manage risk.
Trade Momentum:
Short-Term: Bullish (Expect price to test immediate resistance levels).
Mid-Term: Neutral to Bullish (Consolidation likely above $100,000).
Long-Term: Trend depends on macroeconomic factors and overall market sentiment.