Technical analysis for the $BTC /USDT pair along with trade signals and three target levels based on the current data:

Current Price: $95,659.99

24h High: $98,130.00

24h Low: $94,766.00

Current Trend: Bearish (1.54% drop in the last 24 hours, indicating a short-term pullback)

Support Level: $94,766 (strong support from the previous low)

Resistance Level: $98,130 (recent high, potential resistance in the short term)

Momentum Indicators:

RSI (Relative Strength Index): Currently near the neutral zone (around 50). No extreme overbought or oversold conditions.

MACD: The MACD line is slightly below the signal line, indicating potential bearish momentum in the short term.

Volume: Trading volume is high, with 26,849.11 BTC in 24 hours. This indicates active market participation, but the recent downtrend could signal more downside movement.

Trade Signals:

Sell Signal: If the price breaks below the support level of $94,766, consider shorting with a target around $92,000.

Buy Signal: If the price holds above $94,766 and begins to rise towards $96,500, consider a long entry.

Target Levels:

1. Target 1: $96,500

Short-term resistance level. Look for price action confirmation around this area.

2. Target 2: $98,000

This level corresponds to the recent high of $98,130, with potential to test resistance.

3. Target 3: $100,000

A psychological level and previous highs indicate this could be a longer-term target.

Trade Momentum:

The momentum is slightly bearish due to the recent 24-hour decline of 1.54%, but a potential upward reversal may happen if BTC can break the $96,500 resistance.

Trade Strategy: Given the current market conditions, a cautious approach is recommended. Watch for a breakout above $96,500 or a retest of the $94,766 support for entry.

#MicrosoftBTCInvestmentVote #ETHOnTheRise #XRPReclaimsTop3 #NFTIsBack