Bitcoin ($BTC ) has been consolidating in a range for the past few days after a recent price surge. The current price is hovering around $98,347.85.
Entry:
Consider entering long positions at $98,347.85 with a stop loss at $92,232.54.
Targets:
* Target 1: $99,453.71
* Target 2: $102,800.11
* Target 3: $103,328.49
Support and Resistance:
* Strong Support: $92,232.54
* Resistance: $99,453.71
Caution:
Traders should monitor the market closely for any signs of stability or potential breakout signals. A break above $99,453.71 could signal further upside potential, while a break below $92,232.54 could lead to a deeper correction.
Disclaimer:
This is not financial advice. Please do your own research before making any investment decisions. Cryptocurrency trading involves significant risk, and it is important to only invest what you can afford to lose.
