🚨 $BTC /USDT Market Insight: Consolidation Near $98K Levels

Bitcoin (BTC/USDT) is trading at $98,249.99, reflecting a minor decline of 0.34% in the past 24 hours. Here's a detailed breakdown:

1. Price Movement:

24H High: $98,778.43

24H Low: $97,276.79

Current consolidation suggests a battle between bulls and bears near the $98K psychological level.

2. Trading Volume:

BTC Volume: 7,963.52 BTC

USDT Volume: $780.81M

Robust activity signals strong interest, though price volatility remains moderate.

3. Technical Overview:

Resistance stands firm at $98,976.91. A breakout above this level could push prices toward the critical $99,330.68 barrier.

Support lies at $97,276.79, followed by a significant floor near $96,736.39.

4. Market Context:

Bitcoin's current movement reflects range-bound behavior, awaiting a catalyst for directional clarity.

Momentum indicators hint at neutral sentiment, with buyers hesitant to test new highs.

Trading Strategy:

For Bulls: Watch for a breakout above $98,976.91 to enter long positions, targeting $99,500. Place stop loss near $97,500.

For Bears: Short below $97,276.79, aiming for $96,500 and $95,800. Stop loss suggested at $98,300.

Patience is key as the market consolidates near critical levels.

#BTC☀️ #CryptoReboundStrategy #AIAgentFrenzy #SUIHitsATH #BitcoinHashRateSurge