🚨 $BTC /USDT Price Rebound or Collapse? Decision Time! 🚨
BTC is trading at $96,308, down 0.76% in the last 24 hours. The 24-hour range has been wide, with a low of $93,700 and a high of $97,351, signaling heightened volatility. BTC is currently testing critical levels on the 4-hour chart, where the next move could determine its trajectory.
Key Levels to Watch:
Resistance 1: $97,500 (short-term breakout level)
Resistance 2: $100,000 (psychological barrier)
Resistance 3: $103,250 (extended rally target)
Support Zones:
Immediate Support: $93,700 (24-hour low)
Critical Support: $92,200 (potential retest zone)
Potential Scenarios:
A breakout above $97,500 could drive BTC towards the $100,000 mark, enticing bulls to push further to $103,250.
Failure to hold $93,700 could lead to a retest of $92,200, increasing bearish sentiment.
📊 Stay cautious and monitor volume for confirmation of a breakout or breakdown. Tight stop-losses are recommended to manage risk in this volatile environment.
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