The chart presents the BTC/USDT perpetual trading pair on a 1-day timeframe. Below is a detailed analysis:

. Current Price: The current price is 94,138.70, reflecting a slight decline of 0.57% (-536.90 USDT).

. 24-Hour High and Low:

- The 24-hour high stands at 95,882.5.

- The 24-hour low is recorded at 92,173.6.

. Resistance Levels:

- 94,138.70 marks the immediate resistance, as the price consolidates in this area.

- 108,602.89 serves as the next significant resistance zone.

. Support Levels:

- The immediate support is at 88,828.89.

- The major support level is visible at 74,407.38, highlighted as a strong demand area for buyers in case of significant retracement.

. RSI (Relative Strength Index):

- The RSI is neutral, neither indicating an overbought nor oversold market, which supports the idea of consolidation.

. Volume:

- Trading volume is stable at 240,000 BTC, with no major spike observed, signaling reduced momentum.

Market Sentiment:

The market sentiment appears neutral to slightly bearish. The small daily drop of 0.57% suggests traders are uncertain, awaiting a definitive move either upward or downward.

Next Potential Moves:

Bullish Scenario:

- A break above 94,138.70 with sustained momentum could push the price toward the psychological level of 100,000 USDT, followed by a test of the 108,602.89 resistance.

- Increased volume and an RSI break above 60 would further confirm bullish momentum.

Bearish Scenario:

- If the price falls below 88,828.89, the next potential drop could be to 74,407.38, where strong buying interest is expected.

- Declining RSI and an uptick in selling volume would support the bearish outlook.

Valuable Points to Monitor:

- Price action near the key levels of 94,138.70 and 88,828.89 will provide insights into the market’s direction.

- A surge in buying or selling volume will likely indicate the next major move.

- RSI trends will help identify overbought or oversold conditions.

- External factors like macroeconomic events and regulatory developments can significantly influence Bitcoin’s price.

$BTC