$BTC Analysis and Prediction on Binance

📊 Current Price: $100,540.47

🔍 Market Overview: Bitcoin is consolidating after a recent correction from the $105,000-$107,500 resistance zone. It’s currently trading within a key support area near $98,800 to $100,500, indicating potential for a reversal.

Key Levels to Watch:

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

Support: $98,800 - $100,000

Analysis:

The current chart shows Bitcoin forming a possible double-bottom pattern near $98,800.

Volume suggests accumulation, indicating a potential bullish breakout if the price sustains above $100,500.

A break above $105,000 could push BTC toward the $110,000-$112,500 range.

Prediction:

If BTC holds above $100,000, expect a retest of $105,000. A confirmed breakout above this level could lead to a rally toward $110,000.

If it breaks below $98,800, a deeper retracement to $95,000 or lower is possible.

🔑 Trading Strategy:

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

Short Position: If $98,800 is broken, target $95,000 with a stop loss at $101,000.

⚠️ Risk Management: Always use proper position sizing and stop losses in volatile markets.

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