📊 $BTC /USDT 12H Chart Analysis 📊 This is an updated anysis. Please check the previous post on BTC and how it respects all the levels.

💰 Current Price: $99,615 (-5.52%)

🔎 Observations from the Chart

1️⃣ 📈 Price Action:

BTC has sharply declined after testing the $105,647 high, pulling back to the $99,615 level.

This drop positions BTC within a critical range, where important support levels must be held to sustain the bullish structure.

2️⃣ 🔴 Key Resistance Levels:

$104,496 - $102,583: These levels represent immediate resistance. A breakout here would likely reignite the bullish rally.

3️⃣ ⚫ Support Levels to Watch:

$99,319 - $96,774: Key support zone to monitor.

$93,048: Critical support level. If BTC tests this level, it would align with the CME Gap, a common occurrence before significant market moves.

4️⃣ 🕳️ CME Gap Significance:

BTC often fills CME Gaps before embarking on massive rallies. The chart suggests this might happen, aligning with historical patterns that precede bull runs 🚀.

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📈 Potential Scenarios

✅ 1. Breakout Above Resistance

Trigger: A move above $104,496.

Outcome: Could push BTC toward $110,000 or higher.

❌ 2. Retest of Key Supports

Trigger: A failure to hold $99,319.

Outcome: BTC may test the $93,048 level, filling the CME Gap.

🔄 3. Sideways Consolidation

BTC may range between $93,048 and $104,496, building momentum for the next big move.

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⚠️ Risk Management

Stop Loss for Longs: Below $93,048 to mitigate risks.

Stop Loss for Shorts: Above $102,583 to avoid being trapped by a breakout.

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🛠️ Trading Insights

📈 Bullish Setup:

Watch for a break above $104,496 with strong volume.

Target: $110,000

📉 Bearish Setup:

If BTC fails to hold $99,319 and drops below $96,774, short positions could target $93,048 or lower.

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🔑 Final Note

BTC filling the CME Gap could be the precursor to a super bull cycle 🚀.