🚀 $BTC /USDT Technical Analysis & Trade Signal – Key Levels for Potential Moves 🚀

Current Price: $95,637.29

24h High: $101,995.64

24h Low: $95,250.76

Price Change (24h): -5.92%

24h Volume: 36,828.87 BTC ($3.61B)

🔥 Critical Support & Resistance Levels 🔥

Support Zone: $95,250 (24h Low)

Resistance Zone: $101,995 (24h High)

📊 Technical Indicators Insight 📊

1. RSI: 35 (Oversold – Potential for short-term rebound)

2. Moving Averages:

50 EMA: $98,500

200 EMA: $92,000

Price is below both, showing a bearish trend but a breakout above $98,500 could signal an upward shift.

3. MACD: Currently below the signal line, bearish momentum, but watch for a potential bullish crossover.

🎯 Trade Signal & Target Levels 🎯

Bullish Scenario (Long Position)

Entry Point: $95,600 (near support)

Target Levels:

1. Target 1: $98,500 (50 EMA)

2. Target 2: $101,000 (Mid-range resistance)

3. Target 3: $102,000 (Resistance zone)

Stop Loss: $94,500 (below 24h Low)

Momentum: Potential short-term rebound as BTC is oversold. Look for confirmation with price action near support.

Bearish Scenario (Short Position)

Entry Point: $95,200 (break below support)

Target Levels:

1. Target 1: $93,500 (Previous low)

2. Target 2: $90,000 (Next major support)

3. Target 3: $87,500 (Extended bearish range)

Stop Loss: $97,000 (Above resistance)

Momentum: Continuation of the downtrend if price breaks below support with volume.

⚡ Trade Strategy ⚡

Long Position: Watch for confirmation around $95,250-$95,600, ideally supported by a bullish crossover in MACD or price action reversal.

Short Position: If BTC breaks below $95,000, consider shorting with targets at lower support zones.

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