$BTC Updated Analysis Based on the 1-Day Chart:

Key Observations:

1. Current Price: $98,218.1 (+1.1%)

2. 24h High: $98,949

3. 24h Low: $96,061.5

4. Previous Resistance: $108,366.8

5. EMA Levels:

EMA(5): $96,172.63

EMA(10): $95,996.81

EMA(30): $96,199.27

The price is consolidating near the resistance level at $100,000. The trend is still bullish, as the price is above key EMAs, but the previous high of $108,366.8 could act as a major resistance if the upward momentum continues.

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Indicators Analysis:

1. Buy/Sell Volume: Balanced at 59.7K for both buy and sell, suggesting a neutral market sentiment.

2. Aggregated Long/Short Ratio: 1.0091

Indicates a slight favor toward long positions but still relatively balanced.

3. Top Trader Long/Short Ratio: 2.106

Top traders are heavily skewed toward long positions, indicating confidence in a continued upward trend.

4. Longs vs Shorts (Accounts): 1.091

More accounts are holding long positions, reinforcing the bullish sentiment.

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Outlook:

Bullish Case (Upward Move):

If BTC breaks above the $100,000 psychological resistance with strong volume, it could target $103,000-$105,000 in the short term. The next major resistance is near $108,000.

Bearish Case (Pullback):

If the price fails to break above $100,000, a retracement to the $96,000-$97,000 range is possible. Strong support lies near $95,000, where the EMA10 and EMA30 are converging.

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Trading Strategy Suggestions:

Long Position:

Enter above $100,000 with a target of $103,000-$105,000. Use a stop-loss around $96,000.

Short Position:

If rejection occurs near $99,950-$100,000, consider shorting with a target of $96,000 and a stop-loss above $100,500.