Post for $BTC /USDT Technical Analysis
š $BTC /USDT Analysis Update:
Current Price: $98,236.01 (+4.08%)
24H Range: $93,810.45 - $99,487.99
30-Minute Chart Overview: Bitcoin has rebounded strongly, breaking key resistance levels and testing the $99,000 zone. Consolidation around $98,200 suggests a potential continuation of the uptrend.
šÆ Targets:
1. First Target: $99,500 - Immediate resistance level with potential selling pressure. A breakout could confirm bullish strength.
2. Second Target: $100,000 - Major psychological level; expect significant market activity near this zone.
3. Third Target: $102,000 - Long-term resistance zone, marking the start of a potential new bullish wave.
š” Actionable Insights:
Secure partial profits near $99,500.
Tighten stop-loss to $97,500 to mitigate downside risk.
Watch for volume spikes and bullish confirmation patterns near $100,000.
š Long-Term View: Sustaining above $100,000 could signal the next leg up, targeting $110,000+ in the coming weeks.
