๐$BTC BTC/USDT Update: Bitcoin Struggles Below $95,000
Bitcoin (BTC/USDT) has slipped 1.63% in the last 24 hours, trading at $94,279.30. Letโs break down the current situation and potential scenarios for the worldโs largest cryptocurrency:
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๐ฅ Key Metrics
๐ฐ Current Price: $94,279.30
๐ 24h High: $97,550.00 โ A critical resistance level.
๐ป 24h Low: $93,500.01 โ Immediate support zone being tested.
๐ Trend: Short-term bearish as BTC consolidates below $95,000.
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๐ Technical Analysis
๐ Resistance:
$95,000โ$97,000 โ Bitcoin must reclaim this zone to regain bullish momentum.
๐ Support:
$93,500 โ Holding this level is crucial to prevent further downside.
Next support lies near $90,000, should BTC break below $93,500.
๐ Volume:
Trading activity remains moderate, signaling indecision among traders.
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๐ก Trading Insights
1๏ธโฃ Short-Term Strategy:
Consider long entries near $93,500 if support holds.
Target $95,000โ$97,000 for potential upside gains.
2๏ธโฃ Risk Management:
Use tight stop-loss orders below $93,000 to protect against a deeper correction.
3๏ธโฃ Long-Term Outlook:
Bitcoinโs macro bullish trend remains intact as long as it stays above key levels around $90,000.
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๐ฌ Will Bitcoin reclaim $95,000 or slide further? Share your thoughts below!