$BTC /USDT Technical Analysis and Trade Signal

Current Price: $102,421.82 (+4.53%)

Analysis:

Bitcoin is showing strong bullish momentum, breaking through key resistance levels. With high trading volumes and steady price growth, BTC has the potential to continue its upward trend. However, some corrections may occur as it approaches overbought zones on shorter timeframes.

Key Levels:

Support: $97,577.00 (24h Low)

Resistance: $102,480.00 (24h High)

Trade Signal:

Momentum: Bullish

Entry Zone: $102,000 - $102,500

A strong breakout above $102,500 confirms upward momentum.

Targets 🎯:

1. Target 1: $104,000

2. Target 2: $106,500

3. Target 3: $108,800

Stop-Loss: $99,800 (below recent consolidation support)

Trade Insights:

BTC is trading near its 24h high with increasing bullish momentum.

Breakouts should be monitored with confirmation from volume indicators and RSI.

A failure to sustain above $102,500 could lead to a retest of the $100,000 psychological level.

Recommendation:

Consider entering long positions in the specified entry zone and trailing the stop-loss as targets are achieved. Risk management is crucial due to potential volatility.

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