$BTC /USDT – Minor Rejection at $94.7K, Consolidation in Progress!

Bitcoin faced a brief spike to $94,696.05, followed by a modest -1.34% retracement to $92,556.94. Despite the dip, BTC remains in a bullish structure with strong order book support at current levels.

Key Stats:

Current Price: $92,556.94

24H High: $94,696.05

24H Low: $91,660.01

24H Volume: 24,117 BTC / $2.24B USDT

Chart Analysis:

BTC surged from $86,389.78 and topped out just shy of $95K before cooling off. Price is currently hovering above $92K, forming a consolidation range between $91.4K and $93.2K. A breakout from this zone could set the tone for the next leg.

Watch Zones:

Resistance: $93,283 – Reclaim could invite another test of $95K

Support: $91,456 – Critical to hold for bullish continuation

Trade Signal:

Entry Zone: $92,300 – $92,600

TP 1: $93,283

TP 2: $94,600

Final Target: $96,000

Stop Loss: $90,900

Pro Tip: Watch volume closely—rising buy volume above $93.2K could trigger a breakout. Use trailing SLs to protect gains if BTC surges.

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