🚨 $BTC /USDT ALERT: BIG MOVE LOOMING – WILL BTC BREAK $97K OR RETRACE? 🚨
Bitcoin is currently trading at $96,252, up 1.10%, after recovering from a low of $94,640. The price is approaching a critical resistance level, indicating that a significant breakout or retracement could be imminent.
💡 Key Levels to Watch:
Resistance: $96,859 – A breakout above this level could push BTC toward $97,500, $98,500, and possibly $100,000 in a bullish continuation.
Support: $94,640 – If BTC fails to hold above this level, it may revisit $93,500 and $92,000 in a bearish correction.
⚠️ What Traders Should Do:
For Long Positions:
Enter on a confirmed breakout above $96,859, targeting $97,500, $98,500, and $100,000.
Place a stop loss below $95,500 to manage risk.
For Short Positions:
Enter if $BTC
C drops below $94,640, targeting $93,500 and $92,000.
Set a stop loss above $95,700 to avoid unexpected reversals.
📉 Market Sentiment:
BTC is showing strong momentum near resistance, but caution is needed as volatility increases. Watch for volume confirmation to validate the next move. Manage your risk carefully and stay disciplined in your trades!
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