$BTC Next target?

Based on the current BTC/USDT chart, let's break down a detailed analysis.

Key Technical Indicators Recap:

1. Current Price: BTC is trading at 91,419.41 USDT.

2. 24h High: 91,850 USDT

3. 24h Low: 87,754.45 USDT

4. Moving Averages:

EMA (7): 91,281.07 (Short-term trend)

EMA (25): 90,630.48 (Medium-term trend)

EMA (99): 88,494.63 (Long-term trend)

5. RSI (6): 62.21 - Indicates moderate bullish momentum.

6. Stochastic RSI: 22.41 - Currently in the oversold region, suggesting a potential bullish reversal.

Technical Analysis for Next Target:

1. Resistance Levels:

Immediate Resistance: 91,850 USDT (24h high)

Psychological Level: 92,000 USDT

If BTC breaks and sustains above the 91,850 - 92,000 zone, the next potential targets could be:

Target 1: 94,000 USDT — This is a significant psychological resistance level where traders might take profits.

Target 2: 95,500 - 96,000 USDT — A historical resistance zone that could be tested if bullish momentum continues.

2. Support Levels:

Immediate Support: 90,000 USDT — Near the EMA (25).

Stronger Support: 88,500 - 88,000 USDT — Near the EMA (99), which has been a strong support in the past.

Price Action and Market Sentiment:

The RSI at 62.21 suggests that BTC is in the bullish momentum.

Stochastic RSI being in the oversold region at 22.41 may signal a potential upward reversal, especiall

Fibonacci Extension 1.272: 93,500 USDT

Fibonacci Extension 1.618: 94,800 USDT

Fibonacci Extension 2.0: 96,200 USDT

These levels often act as potential profit-taking zones.

Conclusion & Strategy:

Bullish Scenario: If BTC can break and hold above the 91,850 next target could be in the range of 94,000 - 96,000 USDT.

Entry Point: Consider entering a long position above 92,000 USDT with targets around 94,000 and 96,000.

Stop-Loss: Below 90,000 USDT to manage risk.

Watch for a retest of 90,000 USDT. A break below this level could lead to further downside towards 88,000 - 87,000 USDT.

Short Entry: Below 89,500 with targets at 88,000 and 87,000.