$BTC /USDT: Potential Rebound in Play! 🔥💯
$BTC is currently trading at $101,816, showing resilience after testing the lower boundary of the descending channel. A bounce near the $98,800 support zone signals a potential reversal.
📊 Key Levels to Watch:
Immediate Resistance: $103,000
Critical Support Zone: $100,500
A breakout above $103,000 could open the path toward $105,000, offering a strong short-term trading opportunity.
✅ Trading Strategy:
Entry Point: $101,816
Target 1: $103,000
Target 2: $105,000
Stop-Loss (SL): $100,000
🔑 Recommendations:
Monitor price action closely for confirmation of breakout above $103,000.
Secure partial profits as BTC approaches key resistance levels.
Ensure proper risk management with a favorable risk-to-reward ratio.
This setup is well-suited for both intraday and swing traders. Stay alert to market conditions!
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