🚨 $BTC /USDT Potential Rebound or Breakdown? 🚨
Bitcoin ($BTC) is trading at $93,696.67, reflecting a 1.75% dip over the past 24 hours. After hitting a 24-hour low of $93,268.94, BTC is consolidating near critical levels, hinting at a potential big move.
Key Levels to Watch:
Resistance 1: $96,500 – Breaking this could spark a bullish rally.
Resistance 2: $99,200 – The next critical hurdle to watch.
Resistance 3: $102,800 – A breakout here could lead BTC to retest higher zones.
Support: $92,200 – Holding above this is crucial to avoid further decline.
Market Insight:
BTC remains volatile, with volumes nearing 2.75B USDT. A breakout above $96,500 could set the stage for a recovery, while failure to hold above support might result in extended bearish pressure.
Trade Setup:
Long Entry: Above $94,000 with targets at $96,500, $99,200, and $102,800.
Short Entry: Below $92,200 targeting $90,500 and lower.
Stop-loss: Tight stop-loss at $92,500 to manage risk.
Stay cautious and monitor the breakout levels closely.
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