๐ Bitcoin Analysis: Current Market Insight ๐
๐น Price Action: BTC holding steady near $95,000, with year-end profit-taking capping momentum. Resistance at $97,000 - $99,000, and key support at $94,000.
๐น Key Insights:
Bullish Long-Term: Institutional adoption, Russia leveraging BTC for trade, and MicroStrategyโs treasury strategy all signal strong fundamentals.Short-Term Volatility: Profit-taking and bearish on-chain data creating consolidation. Watch $94,000 as a critical support zone.Supply Zones: Resistance visible near $96,500 - $99,000; a breakout above could push BTC towards $100,000+.
๐น Trade Strategy:
HODL: Long-term investors targeting $100K+.Range Trade: Buy near $94,000, sell near $97,000.Scalp Short: Look for opportunities near $96,500 with stops at $97,000.
๐ Outlook: The bullish trend remains intact, but short-term corrections could test support zones. Keep an eye on demand at $94,000 to plan your next move!
๐ก DYOR and trade safely! ๐
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