🚨 $BTC /USDT Technical Analysis and Trade Ideas 🚨
Current Price: 97,653.01 USDT (-0.73%)
24H High: 98,500.00 USDT
24H Low: 92,232.54 USDT
BTC/USDT has rebounded after testing strong support at 92,232.54, showing signs of a short-term bullish recovery. The next critical resistance level stands at 103,248.19, while a break below support could lead to further downside.
Long Entry Strategy:
Entry Zone: 96,000 - 97,000 (on consolidation above key support)
Target 1: 100,000
Target 2: 103,200
Stop Loss: Below 95,000
Short Entry Strategy:
Entry Zone: Near 103,200 - 103,500 (on rejection at resistance)
Target 1: 97,000
Target 2: 94,000
Stop Loss: Above 104,000
The immediate outlook suggests a likely retest of the 100,000 mark if buying momentum sustains. However, a failure to hold above 97,000 could result in a decline toward the critical support zone at 92,000. Adjust risk management accordingly as volatility increases.