$BTC /USDT: Consolidation Near Key Levels – Will Bitcoin Break Out?
BTC/USDT is currently trading at $98,256.57, showing minimal movement with a 0.02% decline over the last 24 hours. The price is hovering near critical support and resistance zones, suggesting a possible breakout as trading volume remains robust.
Key Data Points:
24h High: $98,376.99
24h Low: $95,734.77
24h Volume (BTC): 32,863.13
24h Volume (USDT): $3.19B
Trade Strategy:
Long Position: Enter above $98,500, targeting $99,500 and $100,000. Set a stop loss at $97,500.
Short Position: Enter below $95,700, aiming for $94,000 and $92,800. Set a stop loss at $96,800.
Market Outlook:
BTC/USDT is testing the $98,000 resistance level, with a breakout above signaling potential continuation toward $100,000. On the downside, failure to sustain above $95,700 could trigger bearish momentum, with lower support levels likely to be tested. Traders are advised to monitor price action and volume closely for signals of direction.