Target Achieved! 🎯
Trading Pair: $BTC /USDT
Current Price: $97,443.02 (-0.42%)
Bitcoin shows a mixed trend, with price consolidating after testing critical levels. Here are the targets and potential movements:
Key Levels:
1. Target 1 (Achieved): $98,500
Resistance tested; retracement followed.
2. Target 2 (Next Up): $99,540
Strong zone near the 24-hour high. Breakout here could signal further gains.
3. Target 3 (Final Resistance): $100,000
Psychological barrier and significant resistance level.
Action Plan:
Short-Term Traders: Monitor price near $98,500 for potential re-entry.
Long-Term Investors: Hold positions and adjust stop-loss to secure gains.
Technical Indicators:
Support Zone: $97,000
Resistance Zone: $99,540-$100,000
BTC is consolidating within a narrow range. A breakout above $98,500 could signal bullish momentum towards $100,000. Below $97,000, expect support retests around $95,500.