$BTC

The BTC/USDT 1-day candlestick chart from Binance reveals a clear upward trend. The price has recently broken above the resistance level of 97,424.02 after consolidating around 94,800.00, supported by a noticeable surge in trading volume (20,769.71 BTC), indicating strong bullish momentum.Entry Price: 97,000The recommended entry price is set at 97,000. This level aligns with the recent 24-hour high of 97,424.02 and is bolstered by the 7-day moving average (MA(7)) at 96,923.54, acting as nearby support. This positioning offers a favorable risk-reward ratio, capitalizing on the breakout's momentum.Target Price: 99,000The target price is 99,000, approaching the next resistance level suggested by the upper Bollinger Band and historical highs. This target is driven by the sustained bullish momentum and increased volume, pointing to potential for further gains.Stop-Loss: 95,500To manage risk, a stop-loss is placed at 95,500, just below the 25-day EMA (94,603.33). This accounts for the trend’s volatility, protecting against sudden reversals while preserving the trade’s upside potential.