🚨 BTC/USDT ALERT: Consolidating Below Key Levels – What’s Next? 🚨
Bitcoin is currently trading at $94,980.02, down 0.85% in the last 24 hours after reaching a high of $96,327.87 and a low of $93,578.17. The market appears to be in a consolidation phase following a strong rally.
Key Levels to Watch:
Resistance: $96,500 – A breakout above this could push BTC toward $99,500 and the psychological barrier of $100,000.
Support: $93,500 – Holding above this level is critical to prevent a drop to $90,000 or lower.
Trade Setup:
Long Entry: Above $96,500, targeting $99,500 and $100,000.
Short Entry: Below $93,500, targeting $90,000 and $88,000.
Stop Loss: Tight stops below $92,000 for longs and above $96,000 for shorts.
Market Insights:
BTC’s recent rally shows signs of cooling as it faces resistance near $96,500. A decisive move above or below these levels could set the stage for the next big trend.