$BTC Analysis: Key Levels and Insights

Understanding BTC/USDT’s daily chart (D1) support and resistance is critical for effective trading.

Support Levels:

62,020 – A strong level triggering a major upward trend.

69,898.96 – Tested multiple times during corrections.

Resistance Levels:

100,487.84 – A key zone limiting growth.

108,000–110,000 – Refined from the previous local high due to false breakout signals.

Recommendations:

Watch RSI: At 43.42, it suggests neutrality but hints at weakening buyers. Look for upward reversals near support.

Monitor Volume: Declining volumes indicate weak momentum, possible pullback to support.

Strategy: Focus on 94,600–95,000. A rebound targets 100,487.84, while a break might lead to 90,271.90.

Risk Management: Set stop-loss below 90,000 for longs, above 100,500 for shorts.

Conclusion:

BTC/USDT is consolidating within critical zones. Use strategic responses to levels and indicators for better decision-making.

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