🚨 $BTC Trading Signal Alert: Major Move Expected
Bitcoin is currently trading at $93,811, consolidating near key support levels after a sharp rejection at $95,733. The market is at a pivotal stage, and the upcoming move could shape short-term price trends.
Key Levels to Watch
Resistance Levels:
1. $94,800 – Immediate resistance, signaling a potential bullish reversal.
2. $95,500 – Strong resistance; breaking above this could open the door for higher targets.
3. $96,800 – A key level for bulls to aim for after clearing resistance.
Support Levels:
1. $93,500 – Crucial support; losing this level could accelerate declines.
2. $92,800 – Must hold to prevent a steep drop.
Trade Strategy
Long Position
Entry: Above $94,200
Targets:
Target 1: $94,800
Target 2: $95,500
Target 3: $96,800
Stop-Loss: $93,400
Short Position
Entry: Below $93,400
Targets:
Target 1: $93,000
Target 2: $92,500
Target 3: $91,800
Stop-Loss: $94,000
Market Insight
Volume: Low trading volume suggests caution, as a breakout or breakdown appears imminent.
Momentum: Bearish pressure is evident, but the market remains undecided.
⚠️ Risk Management Advice: Use tight stop-losses to navigate potential volatility. Reassess your positions as key levels are tested.
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