$BTC /USDT: Testing Critical Support and Resistance Zones

BTC/USDT is trading at $97,779.90, reflecting a slight 0.14% decline in the last session. The price action highlights key support and resistance levels, with volatility expected as Bitcoin approaches pivotal zones.

Key Data Points:

24h High: $98,564.00

24h Low: $95,734.77

24h Volume (BTC): 31,277.88

24h Volume (USDT): $3.04B

Trade Strategy:

Long Position: Enter above $98,000, targeting $99,500 and $100,000. Set a stop loss at $96,500.

Short Position: Enter below $96,000, aiming for $95,000 and $92,000. Set a stop loss at $97,500.

Market Outlook:

The chart indicates strong support in the $96,000–$95,000 region, while resistance is evident near $99,500. A breakout above $98,000 could signal a bullish continuation toward $100,000. Conversely, failure to hold above $96,000 may lead to further declines, with potential retests of lower support levels. Traders should watch these zones closely and react to significant volume changes.

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