1. Current situation
BTC is trading at $97,535.80, above the Ichimoku cloud and EMA 20 ($97,174.86). Fibonacci levels indicate important support and resistance zones, and the current dynamics suggest consolidation before a potential breakout upward or downward.
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2. Updated Fibonacci levels
Based on the provided clarifications:
• -1: $99,727.68 — key resistance.
• -0.62: $98,954.49 — secondary resistance.
• -0.27: $98,242.34 — short-term resistance.
• 0: $97,692.96 — current consolidation zone.
• 0.5: $96,675.60 — important support.
• 0.62: $96,431.43 — enhanced support.
• 0.705: $96,258.48 — additional support.
• 0.79: $96,085.53 — local support.
• 1: $95,658.24 — long-term support.
• 1.618: $94,400.78 — critical support level.
• 2.618:
o $92,366.06 — long-term support.
o $101,003.57 — potential growth target.
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3. Indicators
• EMA levels:
o EMA 20: $97,174.86 (nearest support).
o EMA 50: $97,904.91 (resistance).
o EMA 100: $97,917.80 (key resistance).
o EMA 200: $96,577.55 (long-term support).
• Ichimoku Cloud:
o Upper boundary: $97,750.53 (resistance).
o Lower boundary: $96,774.60 (support).
• RSI: 50.72 — neutral zone.
• SAR: $94,256.54 and $94,325.41 — important support levels.
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4. Support and resistance levels
• Support:
o $96,675.60–$96,431.43 — EMA 200 zone and 0.5–0.62 according to Fibonacci.
o $95,658.24–$94,400.78 — long-term support levels (1 and 1.618).
• Resistance:
o $97,750.53 — upper boundary of the cloud.
o $98,954.49–$99,727.68 — key resistance zones (-0.62 and -1).
o $101,003.57 — long-term growth target (2.618).
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5. Entry, exit points, and stop-losses
Long scenario:
• Entry points:
o $96,675.60–$96,431.43 (zone 0.5–0.62).
o $95,658.24, if the price tests level 1.
• Targets (Take-Profit):
o First target: $97,750.53.
o Second target: $99,727.68.
o Third target: $101,003.57.
• Stop-loss:
o For entry from $96,675.60: $96,200.
o For entry from $95,658.24: $95,400.
Short scenario:
• Entry points:
o $97,750.53, if a bounce occurs from resistance.
o $99,727.68, if the price cannot consolidate above.
• Targets (Take-Profit):
o First target: $96,675.60.
o Second target: $95,658.24.
o Third target: $94,400.78.
• Stop-loss:
o For entry from $97,750.53: $98,100.
o For entry from $99,727.68: $100,000.
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6. Long and short scenarios with probability
• Long scenario:
o Probability: 65%. Maintaining the price above EMA 20 ($97,174.86) and the area of $97,692.96 according to Fibonacci indicates strong buyer support.
• Short scenario:
o Probability: 35%. In case of failure to break the levels of $97,750.53 or $98,954.49, the price may correct to the area of $96,431.43–$95,658.24.
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Conclusion
BTC is consolidating near key Fibonacci levels. It is expected that the direction of movement will be determined by a breakout or a bounce from the current resistance zone ($97,750.53–$98,954.49). #BTC
