🚨$BTC /USDT Technical Analysis🚨

📊The Bitcoin price has been consolidating in a narrow range between 97,200 and 97,300 USDT. The recent bullish momentum has stalled, and the market is currently showing signs of indecision. The RSI is hovering around the 50 level, indicating a neutral sentiment.

Potential Short-Term Scenarios:

📉 Short Entry: If the price breaks below the 97,200 USDT support level, a short position could be considered with a stop-loss above the recent high around 97,300 USDT. The initial target could be set at the 96,500 USDT level.

📈 Long Entry: A long position could be entered if the price breaks above the 97,300 USDT resistance level with a stop-loss below the recent low around 97,200 USDT. The initial target could be set at the 98,000 USDT level.

⚠️Disclaimer:

This analysis is for informational purposes only and should not be considered financial advice. It is crucial to conduct thorough research and consider consulting with a financial advisor before making any investment decisions.

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