💥 "BTC Drops to $98K: Opportunity or Risk?" 💹
Bitcoin (BTC) is currently priced at $100,259.99 with a -4.83% correction in the last 24 hours. Interestingly, the support level at $98,802 looks strong, while the resistance is around $103,788 (EMA 20).
🔎 What's happening on the chart?
Bearish Alert! The price is still below the EMA 8, 20, and 50, indicating a short-term downtrend.
MACD remains negative, but high volatility ($5.58B) could open up scalping opportunities for fast traders.
✨ Opportunity for Scalpers
Short at Resistance: Entry around $102,000–$103,000 with a target of $100,500.
Buy at Support: Entry near $98,800, with a profit target of $100,500–$101,000.
❗️ Risk management remains key: Don't forget a tight stop-loss to reduce potential losses.
👉$BTC
Are you bullish or bearish today? Let's discuss your trading strategy in the comments! 🔥
