🔥 $BTC / USDT – TECHNICAL OUTLOOK
• Current Price: $103,209
• 24h High: $104,275
• 24h Low: $102,796
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📊 Key Levels:
• Immediate Resistance: $104,300
• Major Resistance: $105,000
• Immediate Support: $103,200
• Major Support: $102,500
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🔍 Market Insights:
• BTC is currently trading near the immediate resistance level at $104,300, indicating potential upward momentum.
• The price structure shows a breakout from a descending wedge, forming higher highs and lows, suggesting a bullish trend.
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📈 Trade Scenarios:
• 🟢 Bullish Bias: If BTC sustains above $104,300, it may target the major resistance at $105,000.
• 🔴 Bearish Bias: A drop below the immediate support at $103,200 could lead to a decline towards the major support at $102,500.
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⚠️ Pro Tip: Monitor trading volume closely. A breakout accompanied by high volume increases the likelihood of sustained movement. Always employ proper risk management strategies.
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