Binance Analysis: $BTC /USDT

Current Price: $94,341.44

Timeframe: 30 minutes

Technical Analysis:

$BTC is trading near $94,341.44, with some consolidation after a previous price drop. Key support and resistance levels indicate potential targets for upcoming moves.

1. Target 1: $95,200 (Short-term resistance)

A breakout above $94,500 with higher volume can confirm this move.

Ideal for short-term scalpers to secure quick profits.

2. Target 2: $96,000 (Medium-term resistance)

Sustained bullish momentum can push BTC to this psychological level.

Traders should monitor price action for rejection near this zone.

3. Target 3: $97,000 (Extended bullish target)

Achievable if the market sentiment remains positive and BTC maintains upward momentum.

Risk of pullback increases at this level, so secure profits and adjust stop-losses accordingly.

Action Plan:

Long Entries: Above $94,500 with stop-loss at $93,800.

Secure Profits: Partial profit at $95,200 and adjust stop-loss to entry level.

Risk Management: A drop below $93,000 may lead to a retest of $BTC