🚨 $BTC /USTD Breakdown Alert: Critical Reversal or Recovery Incoming! 🚨
Bitcoin ($BTC) has experienced a sharp decline, now trading at $96,903.81, down from a 24-hour high of $102,800.11. The sudden drop has left traders questioning whether a recovery rally or further dip is next. With btc hitting a low of $95,700, the market is at a crucial turning point.
Key Levels to Watch:
Support: $95,700 – A breach below this level could trigger more selling pressure.
Resistance Levels (Targets):
1. $99,700 – Immediate resistance zone for a potential short-term recovery.
2. $104,300 – A key level to regain bullish momentum.
3. $108,350 – Major resistance and a potential breakout point if bullish sentiment returns.
Trade Setup:
Long Entry: Above $99,700 with targets at $104,300 and $108,350.
Short Entry: Below $95,700, aiming for lower levels around $92,000.
Stop-Loss: Maintain a stop-loss at $94,500 to manage risk effectively.
💡 Pro Tip: BTC is showing heightened volatility; watch for volume confirmation before entering trades. Plan your positions cautiously and manage risk effectively.
