BTC/USDT Technical Analysis: Trading Levels and Targets šŸ“Š

Current Price: $94,909.10 (-6.74%)

$BTC

Key Trading Levels

Buy Targets:

1. $94,000

2. $92,500

3. $91,000

Sell Targets:

1. $98,000

2. $100,000

3. $102,000

Stop Loss: $93,000

Take Profit: $102,000

Support & Resistance Zones

Resistance Levels: $98,000, $100,000, $102,800

Support Levels: $94,000, $92,500, $91,000

Technical Indicators

24h High: $102,800.11

24h Low: $94,793.42

Volume: 24h Vol (BTC): 62,181.37 | 24h Vol (USDT): $6.11B

Market Sentiment

Volume Analysis: Strong volume indicates significant market activity and volatility.

Price Action: Recent sharp decline suggests caution, but bounce-back potential near key support zones.

Depth Info

Order Book Depth: Buyers concentrated near $94,000; Sellers active around $98,000.

Trade Setup & Strategy

Bullish Scenario: A break above $98,000 could lead to a rally toward $102,800.

Bearish Scenario: A fall below $94,000 might trigger declines toward $92,500 or $91,000.

šŸ”¹ Manage risk wisely and use stop loss effectively.

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