$BTC /USDT Technical Analysis
Current Price: $98,638.28
24H High: $99,588.01
24H Low: $97,122.11
Leverage: 5x
Market Sentiment: Bullish
Analysis:
The $BTC /USDT pair is currently consolidating within a bullish channel, indicating a potential upside movement. The 24-hour high acts as a strong resistance level, and a break above this level could trigger a further rally towards the $100,000 level.
Entry Levels:
* Long Entry: $99,588.01 (Breakout above the 24-hour high)
* Target: $100,000
* Stop Loss: $97,122.11
Short Entry: $97,122.11 (If the price breaks below this level)
* Target: $95,000
* Stop Loss: $99,588.01
Market Outlook:
Based on the current chart pattern and momentum, the market is expected to move upwards in the short term. However, traders should exercise caution and use proper risk management techniques.