🚀 BTC/USDT Update – A Strategic View by Golden Lion Trading 🦁

Current Market Price: $95,564

Weekly High: $99,588

Weekly RSI: 82.28 (Overbought Zone)

📢 Fundamental Analysis:

Bitcoin's recent price surge reflects increased market confidence amidst declining dollar strength and institutional accumulation. However, beware of whale-driven volatility at these levels as they may be setting up traps for retail traders.

📊 Technical Analysis:

Moving Averages: The 5-day MA sits comfortably above the 10-day MA, confirming a strong uptrend.

Volume: A significant spike shows solid buying interest, but tapering towards resistance at $99,500.

🕯️ Candlestick Analysis:

The last weekly candle forms a strong upward wick, signaling potential profit-taking above $95,500. Keep an eye on rejection levels here.

📈 RSI Analysis:

With an RSI of 82.28 on the weekly chart, BTC is firmly in the overbought zone. A corrective move to $88,000–$90,000 could be imminent before resuming the uptrend.

💡 Signal Alert:

BUY Entry: $93,000–$94,500

Targets: $97,000 | $99,000 | $102,000

Stop Loss: Below $92,000

⚠️ Warning: Market manipulation is expected near psychological resistance at $100,000. Trade cautiously, and stick to proper risk management.

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