$BTC /USDT Trading Signal - Key Levels to Watch
Current Price: $97,009.80
24H Range: $96,181.81 - $102,015.01
Analysis:
Bitcoin is showing signs of stabilization near the $97,000 level after a sharp drop from $102,000 resistance. Key moving averages (EMA 7, 25, and 99) indicate downward momentum, but price may rebound if support holds at $96,181.81.
Potential Setup:
Entry Zone: $96,800 - $97,200
Targets:
Target 1: $98,250
Target 2: $100,650
Target 3: $102,700
Stop Loss: $95,800
Observation:
Bitcoin is testing its immediate support zone while forming a potential reversal structure. A bounce above $98,000 could signal a recovery toward the $100,000 zone. However, failure to hold support at $96,181.81 may lead to further downside.
Actionable Advice:
Watch for a confirmed breakout above $97,500 for bullish momentum.
Secure partial profits at Target 1 and adjust stop losses accordingly.
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