$BTC

BTC/USDT Technical Analysis: Consolidation Before the Next Move? 🔍

BTC

$94,315.00

+0.45%

Current Price: $94,315.00

24h High: $94,780.00

24h Low: $93,250.00

🔍 Trade Signal & Analysis:

BTC remains in a consolidation phase near the $94K zone, hinting at a potential move in either direction. Here’s the setup to watch:

Entry Point: $94,100 (Buy near the current support level)

Stop Loss: $93,200 (Below key support zone)

🎯 Target Levels:

1. First Target: $95,500 (Resistance from recent highs)

2. Second Target: $96,200 (Breakout level from last week’s high)

3. Third Target: $98,000 (Psychological resistance zone)

🚀 Momentum:

BTC is showing steady buying interest, but volume remains moderate. A breakout above $94,800 with increasing volume could signal a bullish continuation. Conversely, a break below $93,200 may indicate further downside pressure.

Trade Summary:

• Bias: Neutral-Bullish

• Targets: $95,500, $96,200, $98,000

• Stop Loss: $93,200

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