$BTC

/USDT Technical Analysis

Current Price: $97,579.25 (+0.43%)

Trend: The price is showing a slight bullish momentum, moving above the 24h low of $92,232.54 and testing the 24h high at $98,233.00.

Moving Averages: The short-term moving averages (MA(5) = 213.98 and MA(10) = 209.12) suggest a slight uptrend, indicating continued bullish momentum in the short term.

Volume: The 24h trading volume of 61,205.71 BTC and $5.86B in USDT suggests strong market participation, supporting the current price action.

Support/Resistance Levels:

Support: $92,232.54 (24h low)

Resistance: $98,233.00 (24h high)

Trade Signals

Bullish Signal: If the price breaks above $98,233.00, it could continue to rise towards the next resistance zone.

Bearish Signal: A fall below $92,232.54 could signal a correction towards lower levels.

Neutral: Consolidation between $92,232.54 and $98,233.00, maintaining a range-bound structure.

Price Targets 🎯

1. Target 1: $98,500 – Slight breakout above the 24h high, indicating further upward movement.

2. Target 2: $100,000 – Psychological resistance level, if the uptrend continues.

3. Target 3: $102,000 – Further rally expected if the bullish momentum maintains.

Momentum Analysis:

The momentum remains bullish in the short term with the price above the 5- and 10-period moving averages.

The volume suggests active participation, confirming the uptrend's strength.

Trade Strategy:

Buy above $98,500 with targets at $100,000 and $102,000.

Sell/Short if the price breaks below $92,232.54, with a target at $90,000.

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