🚨 $BTC /USD ALERT: Is Bitcoin Setting Up for a Major Move? 🚨
Bitcoin is currently trading at $94,595, marking a -2.77% decline over the past 24 hours. After a rejection at $97,356, the price is testing lower support levels. Is this a pullback before a breakout, or could it signal further downside? Let’s break it down:
🎯 Key Levels to Watch:
Resistance 1: $96,418 – A recovery above this level could bring bullish momentum.
Resistance 2: $97,504 – Breaking this could retest the previous high near $98,130.
Support Zone: $94,395 – Holding above this is critical to prevent further declines.
💡 Next Targets:
Upside Potential: $96,418, $97,504, and $98,130.
Downside Risk: A drop below $94,395 could test $93,500 or lower.
⚠️ Trade Setup:
Long Entry: If $BTC stabilizes above $94,500, look for upside targets with a stop loss at $93,900.
Short Entry: If $BTC fails to hold support, aim for lower targets while managing risk.
Keep your eyes on volume and market sentiment as the next decisive move unfolds.