Bitcoin is retracing after rejection near $98,000, holding Fibonacci 0.382 at $96,995. EMAs indicate bullish structure intact. RSI at 45.59 shows weakening momentum, while Stochastic oversold at 8.10 suggests potential bounce. Expect a consolidation before targeting $102,720 Fibonacci resistance. Support lies at $95,000. Bullish recovery likely unless key support fails. Maintain cautious optimism as BTC builds momentum for a breakout.
Based on the charts, USDT.D shows a bearish cup-and-handle breakdown while BTC/USDT holds Fibonacci support with bullish momentum in RSI and Stochastic. A USDT.D dump supports BTC pumping towards $106,995. Optimistic signals!
The Binance BTC/USDT liquidation heatmap suggests significant support around the $95,000 level, indicating bullish pressure. This aligns with broader indicators, confirming BTC's bullish outlook for the longer time frame.
Trade Details:
Entry: Around 95767.46 ( Join my Binance live for premium crypto signals )
1st Tp: 100353.41
2nd Tp: 103121.98
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