$BTC /USDT Technical Analysis
Current Price: $97,528.73
24H High: $98,847.68
24H Low: $97,136.00
24H Volume: 25,271.12 BTC
Analysis:
The $BTC /USDT pair is currently consolidating within a descending channel pattern. This pattern suggests a potential bearish breakout, indicating a downside move.
Trade Ideas:
Short Trade:
* Entry: Below $97,136.00 (24H Low)
* Target: $92,610.42
* Stop Loss: Above $98,847.68 (24H High)
Leverage: 2x-3x
Market Outlook:
Given the bearish pattern and recent price action, a bearish breakout below the support level is likely. Traders should be cautious and consider short positions with proper risk management.