📈 BTC/USDT – The Critical Support Bounce Play
Trade Setup:
Entry Zone: $94,800 – $96,000 (Current support retest)
Target 1: $98,200 (Recapture of short-term MA)
Target 2: $100,000 (Psychological level / Previous resistance)
Target 3: $102,500 (Mid-range consolidation area)
Stop Loss: $93,900 (Just below the last local swing low)
Brief Analysis/Narrative:
Bitcoin has experienced a sharp, high-volume correction from the $107,500 highs, but it is currently finding strong buying interest at the $96,000 support zone, which is critical for market structure. The large Bid percentage in the Order Book suggests strong conviction from buyers at this level. A successful defense here will trigger a technical bounce, aiming to reclaim the crucial $100,000 psychological level and negate the short-term bearish pressure.
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