$BTC $BTC /USDT (2-hour timeframe), technical analysis and trade setup:
Technical Analysis:
1. Price Action:
Current Price: $97,005.44
Strong bullish candle formed from ~$94,000 to $97,000, indicating a surge in buying pressure.
Key Support: $93,377 (recent swing low)
Key Resistance: $97,895 (previous swing high)
2. Trend:
The short-term trend has flipped bullish, confirmed by the strong green candle and increasing volume.
3. Moving Averages:
MA(5): 1,448.19
MA(10): 1,445.96