$BTC
🚨 $BTC/USDT Update: Critical Levels to Watch! 🚨
📉 Bitcoin Under Pressure
$BTC is trading at $96,903.81, down sharply from its 24-hour high of $102,800.11. With a recent low of $95,700, the market is at a make-or-break point.
🔑 Key Technical Levels
🔻 Support:
$95,700: A breach below could accelerate selling pressure.
📈 Resistance (Targets):
$99,700: Immediate zone for a recovery attempt.
$104,300: Regaining this level signals bullish strength.
$108,350: Major resistance for a potential breakout.
📊 Trade Setup
🔵 Long Setup:
Entry: Above $99,700.
Targets: $104,300 and $108,350.
🔴 Short Setup:
Entry: Below $95,700.
Target: Down to $92,000.
🛡️ Risk Management:
Stop-Loss: Maintain at $94,500 to limit downside risk.
💡 Pro Tip:
Volume Matters: Wait for confirmation before jumping in.
Manage risk carefully; heightened volatility could trigger sharp moves.
📢 Stay updated for more analysis. Remember, the market favors the prepared trader!