🚨 BTC/USDT Market Update 🚨
🔻 Current Price: $97,300
📉 Recent Drop: From $102,000 to $96,000 range due to macroeconomic headwinds and bearish market sentiment.
Key Highlights:
Federal Reserve Signals: Hawkish stance for 2025 creates broader market pressure.ETF Outflows: Record outflows from Bitcoin ETFs suggest weaker demand.On-Chain Data: Selling pressure from long-term holders increases bearish momentum.
Technical Levels:
Support: $96,000 → $94,000 (Critical Zone).Resistance: $99,800 → $102,000 (Reversal Area).
Strategies:
Short-Term: Look for a potential bounce near $96K with tight stop-loss at $95K.Long-Term: Accumulate in the $92K-$95K range targeting $110K in 2024.
📊 Indicators:
RSI approaching oversold on lower timeframes = Possible recovery.Ichimoku Cloud: BTC remains below key levels = Bearish trend.
🛑 Risk Management: Keep exposure low (2–3% per trade) and monitor stop-loss levels.
