$BTC /USDT: Approaching a Critical Zone – Watch for a Big Move..
🚨 Trading Signal: Monitor $BTC closely at $98,442.01! Bitcoin has shown resilience, recovering from a low of $97,514.79 to a high of $98,629.05 within the last 24 hours. With such momentum, a major breakout or pullback could occur soon.
Key Levels to Watch
Resistance Zone: $98,700 – A breakout above this level could propel $BTC to $99,500 and potentially $100,000. Look for increasing volume to confirm the move.
Support Zone: $97,500 – Holding this level is crucial to sustain the uptrend. If broken, BTC may retest $96,800 for further consolidation.
Trade Setup
Long Entry: Above $98,700, targeting $99,500 and $100,000.
Short Entry: If rejected at $98,700, look for a retrace to $97,500 or lower.
Stop Loss: $96,500 to manage downside risk.
Market Insight
Bitcoin's trading volume remains robust at 9,205 BTC, showing strong market activity. However, with prices nearing psychological resistance at $100,000, volatility is likely to increase. Traders should remain cautious and adjust their positions based on confirmed breakouts or pullbacks.
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