Message to Followers: Bitcoin Market Analysis (BTC/USDT)

Dear followers,

Today we take a look at the movement of Bitcoin against the dollar (BTC/USDT) where we note the following:

1. Current trend: The market shows clear bearish momentum, with nearby support levels broken, and technical indicators (MACD and RSI) indicate continued selling pressure.

2. Support and resistance levels:

Main support: 94,700. If broken, we may see a decline to 94,000 levels or lower.

Nearby resistance: 95,819. If it is steadily exceeded with an increase in trading volume, we may see signs of a reversal towards the upside.

3. Recommendations:

For short-term investors: Caution is necessary now. Entering short deals is possible if the price breaks the current support (94,700).

For long-term investors: Do not rush to buy until there are clear reversal signals such as RSI rising above 50 and MACD showing positive momentum.

Risk management is key. Always place stop loss orders to reduce risk.

4. Opportunity to follow:

If there are bounce signals at current support levels with increased volume, it may be an opportunity to enter provided the reversal is confirmed.

Follow the market closely and stay updated. We are here to help you make better decisions.

Best regards,