$BTC

Strong confirmed upward movement 🔥 💯 towards 100k💯✅

Bitcoin is oscillating near the psychological resistance at $98,000 after bouncing from support at $96,200. Strong trading volumes ($1.69 billion) and steady buying pressure indicate a potential breakout attempt, but the divergence in the relative strength index on lower time frames requires caution.

Entry:

Buy on dips between $97,200 and $97,500 with confirmation from bullish candles.

Targets:

Target 1: $98,600

Target 2: $99,800

Target 3: $101,500

Stop Loss:

$96,000 to avoid the risk of a breakdown and potential bull trap.

Key Levels:

Support: $96,200

Resistance: $98,800

Pivot Point: $97,600

Professional Tip:

Watch for volume on the breakout above $98.8K or a clean retest of $97.2K with bullish momentum on the hourly chart for momentum trades. Keep leverage tight near ATH areas to manage volatility risk.