$BTC /USDT Technical Update
Bitcoin is trading at $98,445.86 (-0.03%), consolidating within a narrow range after a rejection near the $99,487.99 level. This indicates indecision in the market, with potential for a breakout or breakdown.
Key Levels:
Resistance: $99,500
Support: $97,250
Strategy:
Bullish Breakout: Enter long above $99,500
Target 1: $100,500
Target 2: $101,500
Stop Loss: Below $98,500
Bearish Breakdown: Enter short below $97,000
Target 1: $96,000
Target 2: $95,500
Stop Loss: Above $98,000
š Wait for clear volume and momentum confirmation before entering a trade. Risk management is crucial.