$BTC

⭐️Hope everyone finds a lot of value in this article 👍

- Will drop down to the 8x area…👀

Technical Analysis:

- Support and Resistance:

- Support: The nearest support level is around $94,000, where the price may find stability if it decreases.

- Resistance: The next resistance level is expected around $97,000, where the price may encounter selling pressure.

Trading Strategy:

- Buy Area (Entry):

- Consider buying when the price retraces to the support range of $94,000 - $94,500, where it may provide a safer entry point.

- Sell Area (Entry for Short or Take Profit):

- If the price approaches the resistance area of $97,000 and shows signs of reversal, consider selling or taking profit.

- Take Profit (TP):

- TP1:** $96,000 - A level close to resistance, where the price may encounter selling pressure.

- TP2:** $97,000 - Expected resistance level.

- Stop Loss (SL):

- Set SL below the support level of $93,500 to minimize risk if the price continues to decrease.

Important Note:

- The cryptocurrency market is highly volatile; therefore, risk management and adherence to trading principles are very important.

- Always stay updated on market information and monitor technical indicators to adjust strategies in a timely manner.

- The information provided is for reference only and should not be considered as investment advice. Please research and carefully consider before making trading decisions.#BTC☀