This is a cryptocurrency chart of Bitcoin ($BTC ) trading against Tether (USDT) on Binance.
Key Details:
Current Price: 99,023.50 USDT
24H High: 105,260.36 USDT
24H Low: 97,777.77 USDT
Price Change: -5.42% (indicates a significant drop recently)
Volume: Strong volume, showing active trading.
Support and Resistance Levels:
1. Support Level:
Closest support: 97,777.77 (24H low). This is a level where buyers might step in.
2. Resistance Level:
Closest resistance: 105,200 (recent high before the drop). This is where selling pressure could increase.
Suggested Next Move:
Wait and Watch:
Price is currently near a recent low (97,777). It’s wise to observe if it breaks below this or bounces back.
Buy if:
The price stabilizes above 99,000 and shows a strong upward trend. This indicates potential recovery.
Sell if:
The price breaks below 97,777 with strong momentum. This signals further downside.
Thrilling Takeaway:
BTC is at a critical level after a sharp 5.42% drop. It’s either preparing for a bounce or more bearish movement. Stay alert for volume and trend changes.
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