$BTC
#BTC☀ This V-shaped chart is good, and the current price is approaching a key resistance zone (around $97,200). Below are my trading thoughts, simple and clear:
Resistance level above: $97,200 - $98,000
This is an area that has been rejected multiple times before. If the price breaks through and stabilizes, we could see a strong rise towards $98,600.
Support to watch: $96,300 - $96,400
This is the recent short-term support. If it pulls back to here, it may present a good buying opportunity.
You can try to enter with a small position around the current $96,800, placing a stop loss below $96,300, targeting $97,200. After the breakout, increase the position for a higher target. Alternatively, you can wait for the price to break $97,200 and then enter after a successful retest, or position for a short below $96,300.
Pay close attention to trading volume and candlestick patterns. If the price breaks below the $96,300 area, it may further test the $95,800 level or even lower.