🚨 $BTC /USDT Technical & Market Analysis 🚨
🔍 Technical Overview:
Current Price: $97,416.92 (+0.69%)
24h High/Low: $97,836.00 / $95,693.88
24h Volume: $1.58B (USDT), 16,285.41 BTC
Indicators such as EMA and Bollinger Bands suggest an upward trend, with MACD showing bullish momentum. RSI indicates the market is nearing overbought conditions, signaling potential consolidation or a retracement.
📈 Market Outlook:
Bitcoin is holding strong above the $97,000 mark, testing resistance near $97,800. Support is visible at $95,700. If bullish momentum continues, BTC may target new highs in the short term.
🎯 Short-Term Trade Strategy:
Entry Point: $97,450 (if resistance breaks).
Target 1: $98,000
Target 2: $99,000
Target 3: $100,000
Stop Loss: $96,500
⚠️ Risk Management:
Use proper position sizing and maintain a disciplined stop loss.
Monitor macroeconomic events and broader crypto trends.
Disclaimer: This is not financial advice. Conduct your own research before trading.