$BTC /USDT Trading Signal – Testing Key Support Zones! 🔥🚀
Current Price: $98,247.40
Market Overview: After reaching $100,866.66, Bitcoin is retracing toward critical support levels. With recent price action indicating potential volatility, traders should stay cautious and look for confirmation signals at support zones.
Signal: Short Position
Entry Range: $98,800–$98,200
Stop Loss (SL): $101,000
Take Profit (TP):
Target 1: $96,500
Target 2: $94,300
Target 3: $91,000
Alternative Setup: Long Position
Entry Range: $96,000–$95,300 (If price holds support)
Stop Loss (SL): $94,000
Take Profit (TP):
Target 1: $98,000
Target 2: $99,500
Target 3: $101,200
Key Observations:
BTC is consolidating near $98,200 with selling pressure from $100,800 highs.
EMA(7) and EMA(25) indicate bearish momentum.
A breakdown below $97,300 could accelerate downside toward $94,000.
Trading Strategy:
For short trades, aim for entries near the top of the range to capture further declines.
For long trades, wait for price confirmation at the $95,300–$96,000 zone before entering.
Adjust stop losses to breakeven upon achieving TP1 to minimize risk.
Stay alert as Bitcoin navigates these key levels! 🚀🎯