🚀 #BTC Technical Analysis Daily:


1️⃣ #trendanalysis : BTC has shown overall weakness recently, with the price staying below the MA99 (long-term moving average), indicating a short-term bearish trend.


2️⃣ Key Levels:



Support Level: 92,000 is a critical support level. If it breaks, BTC may further decline toward the 85,000 region.
Resistance Level: The 97,500 to 100,000 range serves as the short-term resistance zone. A clear breakout above this range could signal the start of a new upward trend.

3️⃣ Trading Strategy: In the short term, watch for the price action around the support level. If it rebounds and breaks above the MA25 or MA99, consider opening positions gradually. However, if it breaks below the support, it’s advisable to stay cautious and wait for clearer signs of stabilization.


⚠️ Risk Reminder: Given the high market volatility, it’s crucial to set strict stop-loss orders and avoid chasing the price.


#bitcoin #cryptotrading