$BTC /USDT Price Action Update
BTC/USDT is showing signs of recovery after rebounding from a key support level at $93,700.42. The price is currently trading at $96,154.39, down by 0.70% over the last 24 hours but still holding above the short-term support levels.
Key Levels:
Immediate Resistance: $96,677.76
Target 1: $97,350.00
Target 2: $98,057.51
Support Level: $95,080.17
Stop Loss:
Place a stop loss at $94,900.00 to minimize risks if the trend reverses.
Strategy:
Short-Term Traders: A break above $96,677.76 could push the price toward $97,350.00. Consider entering at the breakout.
Long-Term Traders: If BTC sustains above $96,000, it could signal a stronger move toward $98,057.51. Watch for momentum confirmation.
Be prepared for volatility, and stick to your risk management plan.
