Support & Resistance Levels:
âą Support Level 1: 97,000 USDT
âą Support Level 2: 96,000 USDT
âą Resistance Level 1: 98,500 USDT
âą Resistance Level 2: 99,500 USDT
Market Sentiment:
Given that the Long positions dominate, and with a price currently sitting near its resistance level of 97,650.40 USDT, the market seems to be showing signs of consolidation or a potential pullback to test the support levels before making another attempt to break above 98,500 USDT.
Trading Strategy:
đ· BTC/USDT
đ© Long - The market sentiment favors a Long position with a strong bullish trend in the short term.
â»ïž Leverage: 10x (Can be adjusted based on risk tolerance)
đ Entry: 97,650 USDT
Target đŻ:
âą 98,500 USDT
âą 99,000 USDT
âą 99,500 USDT
âą 100,000 USDT
Stop Loss â:
âą 96,000 USDT