98800 first target hit, 2nd 100000+ is on the way ✌️

$BTC
Key Observations from the Chart:
Price Movement:The price is trading near $97,604.There's a recent consolidation phase with no strong directional breakout.Moving Averages:MA(7) (~$95,992) indicates short-term momentum.MA(25) ($83,741) indicate mid- and long-term trends.The price is slightly above MA(7), indicating weak short-term bullish momentum but below MA(25), suggesting resistance overhead.Volume Analysis:Decreasing volume during recent candles indicates a lack of strong buying or selling pressure.Any breakout with volume will confirm the next direction.MACD Analysis:The MACD histogram shows bearish momentum (negative values), but it appears to be flattening, indicating potential reversal soon.The DIF line (yellow) crossing upward over the DEA line (pink) will signal a bullish reversal.Key Levels: Support: $91,106 and $81,406 (shown on the chart as horizontal levels).Resistance: $100,807 and $108,353 (significant resistance levels visible from past highs).
Intraday Analysis:
Resistance Levels:
Immediate Resistance: $98,060 (MA25 and psychological round number).Breakout Target: $100,800.Support Levels:Immediate Support: $95,991 (MA7).Breakdown Target: $93,000-$91,100.Stop Loss: Place tight stop-loss around $95,500 for long positions if price breaches the MA7 level.
Short-Term Analysis (Few Days to 1 Week):
Support Zones:First Support: $95,991 (MA7).Second Support: $91,106.Resistance Zones:First Resistance: $98,060 (MA25).Second Resistance: $100,807.Breakout/Breakdown Scenarios:
A breakout above $98,060 with volume will target $100,807-$108,353.A breakdown below $95,991 may lead to a retest of $91,106.
Suggested Strategy:
For Long Positions:Enter above $97,800 with a target of $98,800-$100,800.Stop-loss: $96,500.For Short Positions:Enter below $96,000 with a target of $93,000-$91,100.Stop-loss: $97,200.Short-Term Swing:Wait for confirmation of breakout above $98,060 for long positions.Look for breakdown below $95,991 for short positions.$BTC #CryptoReboundStrategy #BitcoinHashRateSurge #BTC