๐ BTC/USDT 4H Chart Analysis ๐
Current Price: $95,145.47 (+0.53%)
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Key Levels to Watch
1. Support Levels:
$94,000: Strong demand area where price has repeatedly bounced.
$92,000: Major floor if the current zone fails.
2. Resistance Levels:
$96,000: Immediate resistance, aligning with recent rejection wicks.
$98,000: A key zone to break for bullish momentum.
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Indicators Analysis
Volume: Declining as BTC consolidates around $95,000, indicating potential breakout soon.
Moving Averages (MA):
Price is sandwiched between short-term MAs and resistance zones, reflecting indecision.
Candlesticks: Consolidation with tight-bodied candles hints at a possible breakout.
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Strategy
1. Entry Zone: Accumulate between $94,500-$95,000 after confirmation (e.g., breakout above $95,500).
2. Targets:
Target 1: $96,800 โ First resistance zone.
Target 2: $98,000 โ Key breakout zone.
3. Stop-Loss: $93,800 to minimize downside risks.
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Outlook
Bullish Scenario: Break above $96,000 with volume could trigger a rally to $98,000 and beyond.
Bearish Risk: A break below $94,000 opens the door to $92,000 or lower.
๐ฏ Summary: Look for an entry near $94,500-$95,000, target $96,800/$98,000, and set your stop at $93,800. BTC is poised for actionโstay sharp and trade wisely! ๐
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