$BTC Analysis and Prediction on Binance

📊 Current Price: $97,848.03

🔍 Market Overview: Bitcoin is currently consolidating following a recent pullback from the $105,000-$107,500 resistance zone. It is now trading within a critical support range between $98,800 and $100,500, suggesting potential for a reversal.

Key Levels to Watch:

Resistance: $105,000 - $107,500 (next breakout zone)

Support: $98,800 - $100,000

Analysis:

The chart shows a possible double-bottom formation near the $98,800 support level. Increased volume suggests accumulation, pointing to a potential bullish breakout if the price stays above $100,500. A breakout above $105,000 could propel BTC towards the $110,000-$112,500 range.

Prediction:

If Bitcoin holds above $100,000, expect a retest of $105,000. A confirmed breakout above this level could lead to a rally toward $110,000. However, if BTC drops below $98,800, it may face further retracement towards $95,000 or lower.

🔑 Trading Strategy:

Long Position: Enter near $100,000 with a stop loss at $98,000. Target levels: $105,000, $107,500, and $110,000.

Short Position: If BTC breaks below $98,800, target $95,000 with a stop loss at $101,000.

⚠️ Risk Management: Always apply proper position sizing and stop losses when trading in volatile markets.

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