$BTC /USDT Analysis & Price Targets for Binance:

The price of Bitcoin ($BTC ) is currently hovering around $96,715.99, down by -1.96% in the past 24 hours. While it's showing some volatility, this could be a perfect opportunity for traders to capitalize on potential moves.

Key Levels to Watch:

24h High: $99,540.61

24h Low: $95,890.28

Support: Around $96,000, providing a solid base.

Resistance: Eyes on the $97,400 level for potential breakouts.

Market Insights:

The BTC/USDT pair is showing resilience, bouncing between the $96,000 and $97,400 levels, indicating a tight range. With trading volume of 2.13B USDT, market participants are still active, and volatility might increase as we approach the high point.

Target Zone:

Immediate Short-Term Target: $97,400 (Possible breakout area).

Next Potential Resistance: $99,540 (previous high).

Strategy:

Long Position: Consider entering near the support level around $96,000, targeting a potential move towards $97,400.

Short Position: If the price retraces below $95,890, there may be an opportunity to target the next support around $94,500.

Stay sharp, stay informed, and keep an eye on those key levels!

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