#BitcoinHashRateSurge
Based on the BTC/USDT chart, an entry point can be considered above 99,892.00, signaling potential bullish continuation. Short-term take profit (TP) could be set around 100,000.00, while a mid-term TP might target 101,000.00. A stop loss (SL) should be placed below the recent low of 97,276.79, with a suggested level around 97,000.00 to mitigate risk.
Indicators show rising buying pressure (OBV) and suggest the asset is not overbought (Wm %R and Stochastic RSI), indicating room for further upward movement.
This strategy should be part of a comprehensive risk management plan, with continuous monitoring of market conditions and adjustments to TP and SL as needed.
