#BTC☀ Looking at the BTC/USDT chart, the price is currently in a consolidation phase near $91,987. Here are the observations and recommendation:
Key Observations:
1. Moving Averages:
The short-term (MA7) is slightly below the mid-term (MA25), which indicates some bearish pressure.
The price is below the long-term (MA99), suggesting that BTC might face resistance around $92,000–$92,100.
2. Support and Resistance:
Strong support zone: $90,975–$91,000.
Resistance zone: $92,250–$93,000.
Recommendation:
Sell Strategy:
Entry: Around $92,000–$92,100 (current level).
Stop Loss: Above $92,500 (to avoid fake-outs).
Target:
First Target: $91,000 (near support zone).
Second Target: $90,500 (next support).
Buy Strategy (if bullish breakout):
If the price closes above $92,500 with volume, consider buying.
Entry: $92,600
Stop Loss: $92,000
Target: $93,500–$94,000.
Let me know if you'd like detailed levels or further analysis.