$BTC /USDT Technical Analysis: The Road to $100K?🔥💯

Chart Insights:

The $BTC /USDT 1-hour chart indicates consolidation near $93,702, suggesting a critical decision point. The market is forming a potential breakout structure highlighted by the resistance at $96,040. A bullish push could confirm upward momentum, targeting the psychological $100,000 level, while a rejection might bring prices lower to retest key supports.

Trade Setup:

• Long Entry: Above $96,040 (confirmed breakout with volume)

• Target 1: $98,000

• Target 2: $100,000

• Stop Loss: $93,800

• Short Entry: Below $92,645 (breakdown confirmation)

• Target 1: $91,000

• Target 2: $89,000

• Stop Loss: $94,000

Next Move Expectation:

BTC seems poised for a breakout from the marked consolidation range. Bulls need to clear the $96,000 resistance for a rally continuation. However, failure to hold current support ($93,816) could trigger a deeper correction. Watch for trading volume spikes to confirm the next major move.

Stay cautious and plan trades carefully!

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