🚨 $BTC /USDT ALERT: High-Volatility Zone on the 1-Hour Chart 🚨
Bitcoin (BTC) on the 1-hour chart is currently experiencing a pullback after a sharp drop from recent highs of 93,265.64. Following a period of upward momentum, BTC has dipped to the current price level of 87,912, indicating potential consolidation or an upcoming directional move.
Current Price: 87,912
💡 Critical Levels to Watch:
Resistance: 90,670 – A breakout above this level could signal a return to bullish momentum, with buyers possibly pushing toward higher targets.
Support: 84,662 – This is a key support level. If BTC drops below here, expect increased selling pressure that could drive prices lower.
🎯 Take-Profit Targets:
1. TP1: 89,000 – First target upon breakout above current price zone.
2. TP2: 90,670 – Mid-level target to watch as price approaches the resistance.
3. TP3: 93,000 – A stretch target in case of strong upward momentum post-breakout.
🔻 Stop Loss: 85,500 – To manage risk, consider setting a stop loss below the recent lows.
⚠️ Caution: Traders should be prepared for potential volatility as BTC hovers near critical support. Monitor for stability or possible breakout signals, especially near the resistance at 90,670, to gauge whether BTC will resume an upward trend or face further decline.