**BTC/USDT - King Coin in Consolidation$BTC
**
**Current Price:** $95,636 (-0.74%)
**Market Sentiment:** **Neutral-Bearish Short-Term**
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### **š Key Observations:**
1. **Price Action:**
- Trading **below all key MAs** (7/25/99-day)
- **Tight range** between $95,588 (24h low) and $96,509 (24h high)
- Volume **50% below average** (206 vs 397 MA5) ā Weak momentum
2. **Critical Levels:**
- **Support:** $95,588 (local) ā $94,901 (critical)
- **Resistance:** $96,078 (MA25) ā $96,767 (mid-range)
3. **Indicators:**
- **RSI(6): 32.69** ā **Approaching oversold** (But not extreme)
- **MACD Missing** (Would help confirm momentum)
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### **š Trading Strategy:**
**Short-Term (Next 48h):**
ā **If Long:**
- Wait for **$94,900 test** (Strong support)
- Target **$96,500** (24h high) for quick scalp
- Stop loss **$94,800**
ā **If Short:**
- Fade rallies near **$96,078 (MA25)**
- Target **$95,000**
- Stop loss **$96,600**
**Medium-Term (1-4 Weeks):**
- Bullish if:
- Holds **$94,900** ā Potential rally to $100K
- Volume returns to **$400M+ daily**
- Bearish if:
- Breaks **$94,900** ā Could test $92K
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### **š” Final Thought:**
BTC is **coiling for a move** after recent 30D gains (+15.61%). With low volume, expect:
- **False breaks likely**
- **Sharp move coming soon** (Watch $94.9K-$96.5K range)
**š· Tags:** #bitcoin #BTC #crypto #Trading
*(DYOR - This ain't financial advice!)*