#BTC☀ From the updated BTC/USDT chart:
Observation:
1. Price Action: The price has recovered to $91,393.94, showing a rebound from the recent drop.
2. High and Low: Current high is $92,594.00, and low remains at $88,722.00.
3. Moving Averages:
Price is above MA(7) and MA(25), indicating short-term bullish momentum.
4. Volume: Increased volume during the recent rise supports the upward move.
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Recommendation:
Buy
Entry: Around $91,400 (current level).
Take Profit:
First target: $92,500 (recent high).
Second target: $93,000 (strong resistance level).
Stop Loss: Below $90,500 (to manage risk in case of a reversal).
This rebound could lead to testing the recent highs, but monitor closely for any signs of weakness.