$BTC / USDT – Battling Resistance Around $94,700! Which Way Will It Break? ⚔️
$BTC / USDT is currently trading around $94,726 on Binance, showing some indecision after testing the upper levels. The next move could be significant!
Key Observations:
* Hovering near the $94,700 resistance zone.
* Showing some volatility on the 4-hour chart with both bullish and bearish candles.
* Trading volume remains substantial.
Potential Scenarios:
* Bullish Breakout: A decisive break above $95,000 with strong volume could signal a continuation of the upward trend, potentially targeting the 24-hour high of $95,630 and beyond.
* Rejection at Resistance: Failure to break above $95,000 could lead to a pullback towards the $94,000 support level or even the 24-hour low of $93,444.
* Consolidation Phase: Bitcoin might consolidate within the $94,000 - $95,000 range in the short term while the market digests recent movements.
Key Levels to Watch:
* Resistance: $95,000, $95,630 (24h High).
* Support: $94,000, $93,444 (24h Low).
Remember to trade cautiously and consider the broader market sentiment. Bitcoin's next move often dictates the direction for many altcoins!
