$BTC /USDT: Critical Levels to Watch – Bearish Momentum Building?
🚨 Trading Signal: $BTC is trading at $93,853, facing significant bearish pressure after a steep decline from its recent high of $102,724. Watch out for potential volatility as BTC approaches a key support zone.
Current Price: $93,853
24-Hour Range: $92,500 - $97,541
Volume: 34,375 BTC (3.29B USDT)
Key Levels to Watch:
Resistance: $95,738 – Breaking above this level could trigger a recovery rally towards $99,486 and $102,724.
Support: $92,500 – A breakdown below this critical support could lead to further declines toward $91,000 and beyond.
Trade Setup:
Short Entry: If $BTC fails to reclaim $95,738, expect bearish continuation toward $92,500 and $91,000.
Long Entry: If BTC finds strong support at $92,500, look for a rebound toward $95,738, with extended targets at $99,486.
Market Insight:
$BTC’s sharp rejection from $102,724 indicates a potential reversal trend. With decreasing volume, traders should be cautious about entering long positions without confirmation of support holding at $92,500.
Manage trades wisely and stay updated for the next major move.
