$BTC /USDT: Key Levels to Watch for Potential Reversalš„šÆ
$BTC /USDT is trading at $103,721.74, showing a -2.77% decrease in the last 24 hours. The recent price action suggests a pullback, but key levels of support and resistance can guide potential entry points for traders.
Spot Trading Signal
ā¢ Entry Zone: $103,500 - $104,000 (if price shows signs of consolidation or reversal at support)
ā¢ Targets:
ā¢ $105,000
ā¢ $106,000
ā¢ $107,000
ā¢ Stop Loss: $103,200 (below the recent low)
Futures Trading Signal
ā¢ Entry Zone: $103,500 - $104,000
ā¢ Targets:
ā¢ $105,000
ā¢ $106,000
ā¢ $107,000
ā¢ Stop Loss: $103,200
ā¢ Leverage: 3x (Moderate Risk)
Market Analysis
ā¢ Support: $103,200 ā The price is testing key support near $103,500, which could hold. A drop below $103,200 may indicate further downside risk.
ā¢ Resistance: $105,000 ā The immediate resistance zone is at $105,000, followed by $106,000 and $107,000.
ā¢ Volume: 91.1K in the past hour, indicating average trading volume. A spike in volume could signal potential movement.
ā¢ Trend: The recent pullback from $108,353 to $103,721 indicates the market is currently in a consolidation phase, and a breakout could follow.
Insights
ā¢ Watch for a bounce at $103,500 for potential long entries.
ā¢ A breakout above $105,000 could open the door to further bullish movement.
ā¢ If the price breaks below $103,200, consider reducing exposure to mitigate risk.
Follow my predictions ā 93% profit guaranteed!
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