$BTC /USDT Technical Analysis - Binance
š Current Price: $98,950.16 (+0.87%)
ā° Timeframe: 30m
Analysis & Targets
Bitcoin is consolidating near the psychological resistance of $100,000. Here's what to watch for:
1ļøā£ Target 1: $99,500
Minor resistance level; achieving this level would signal strong bullish momentum.
2ļøā£ Target 2: $100,000
Psychological and round-number resistance. Expect significant profit-taking pressure at this level.
3ļøā£ Target 3: $102,000
Major resistance level and potential breakout zone if BTC sustains momentum.
Strategy
š Bullish Case: Watch for a breakout above $99,000. Scale into positions with partial take-profits at each target.
š Bearish Case: A rejection near $99,000 could result in a pullback to $98,000 or lower.
ā ļø Risk Management:
Long entries should include a stop-loss around $97,500.
Trade cautiously as BTC approaches major resistance zones.
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