🚨 $BTC /USDT ALERT: TREND TESTING – BREAKOUT OR PULLBACK? 🚨
Bitcoin is currently trading at $96,386.84, up 1.55%, and attempting to regain momentum after bouncing off support at $94,640. It’s now approaching a critical resistance zone, signaling potential for a breakout or rejection.
💡 Key Levels to Watch:
Resistance: $96,859 – A breakout above this level could lead BTC toward $97,500, $98,500, and possibly $100,000 in an extended rally.
Support: $94,640 – If BTC retraces and falls below this level, expect further downside toward $93,500 and $92,000.
⚠️ What Traders Should Do:
For Long Positions:
Enter on a confirmed breakout above $96,859, targeting $97,500, $98,500, and $100,000.
Place a stop loss below $95,500 to manage risk.
For Short Positions:
Enter if BTC drops below $94,640, targeting $93,500 and $92,000.
Use a stop loss above $95,700 to avoid sudden reversals.
📉 Market Sentiment:
BTC is at a pivotal level, with increasing volatility expected. Monitor volume closely for confirmation of the next move. Trade with caution and manage your risk effectively!
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