$BTC Potential Trading Scenarios
Bullish Scenario: A breakout above $94,585.78 with strong volume could pave the way for a retest of $98,233.00. Traders may consider entering a long position above the $95,210.85 level.
Bearish Scenario: A breakdown below $92,232.54 could result in further declines, with the next major support likely around $90,000.
Support and Resistance Levels:
1. Immediate Support: $92,232.54
This level marks the 24-hour low and has shown signs of buyers stepping in, as indicated by the increased buying volume at the bottom.
2. Immediate Resistance: $94,585.78
BTC needs to break this resistance to confirm short-term bullish momentum.
3. Major Resistance: $98,233.00
The previous local high, acting as a key resistance zone for further upward movement.
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