$WBTC

📊 WBTC/USDT Technical Analysis: Is $100K the Next Target? 🚀

The WBTC/USDT pair is trading at $95,092.08, nearing a critical psychological milestone. Let’s break down the chart and uncover key levels and potential trading opportunities for this market leader.

🔑 Support & Resistance Levels:

Support Zone: $92,500 — A key level where buyers have consistently stepped in. A drop below this could see WBTC retesting $90,000.

Resistance Zone: $96,500 — The last major hurdle before a possible rally to the highly anticipated $100,000 mark.

📈 Entry Strategy:

1. Bullish Setup: A breakout above $96,500 with strong volume could pave the way for a move toward $100,000 or higher. Enter on pullbacks near $95,500, with stops below $92,500.

2. Bearish Setup: If WBTC faces rejection at $96,500 and breaks below $92,500, short positions could target $90,000. Use stops above $94,000 for risk management.

⚡ Momentum Insight:

WBTC is showing strong momentum as it inches toward $100K. Look for volume surges and overbought signals on RSI for potential pullbacks or further confirmation of the uptrend.

💡 Pro Tip: Major psychological levels like $100K often attract high volatility. Stay disciplined and use trailing stops to secure profits in either direction.

Will WBTC make history by crossing $100K, or will the bears force a pullback? Share your views and strategies below! 👇

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