$BTC

BTC/USDT Analysis Report

Chart Overview:

Current price: $97,551.89, up 3.34% in 24 hours.

24-hour high: $98,384.86, 24-hour low: $93,138.00.

Moving Averages:

MA(7): $97,543.39

MA(25): $97,516.30

MA(99): $95,559.55

Trend Analysis:

BTC/USDT is consolidating after a breakout near $96,500, with MA(7) and MA(25) aligned for a short-term upward trend.

Strong support at $95,400 (near MA(99)).

Trade Recommendations:

1. Long Entry: Enter at $97,500 - $97,700.

Target 1: $98,500

Target 2: $99,500

Stop Loss: $96,700.

2. Short Entry: Enter at $97,300 - $97,100 if price breaks below MA(7).

Target 1: $96,000

Target 2: $95,400

Stop Loss: $98,100.

Risk Assessment: The upward momentum favors long trades, but watch for consolidation or rejection near $98,000.

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