BTC/USDT Levels and Trading Positions
Current Price: $97,418.06 (+0.02%)
Timeframe: 4-Hour Chart
Exchange: Binance
Key Levels:
24H High: $98,270
24H Low: $94,256.54
Resistance Levels:
$98,000 (close to 24H high and psychological resistance)
$100,000 (major psychological resistance)
Support Levels:
$96,000 (recent consolidation zone)
$94,250 (24H low support level)
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Trading Positions:
Long Positions:
Entry Zone: $96,000 to $96,500 (near the support zone)
Targets:
First target: $98,000
Second target: $100,000
Stop Loss: Below $94,000
Short Positions:
Entry Zone: $98,000 to $98,500 (near resistance levels)
Targets:
First target: $96,000
Second target: $94,500
Stop Loss: Above $100,500
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Volume Insights:
Volume SMA 9: Suggesting reduced activity during the latest candles; anticipate breakout or reversal soon.
Order Book:
Bid Dominance: Visible demand near $97,417
Ask Dominance: Offers stacking from $97,418 upwards
Sentiment and Strategy:
Market sentiment appears neutral with slight bullish leanings. Traders should monitor breakouts from $96,000-$98,000 for directional confirmation. Use tight risk management for volatile price movements.
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