🔥🚨Bitcoin ($BTC /USDT) Short-Term Forecast: Next 24 Hours & 1 Week💸✨🚀

Market Overview

Current Price: $98,184.78

24H Range: $101,732.31 (High) / $96,150.00 (Low)

Trading Volume: Hovering around 40,000 BTC, showing a slight increase.

Moving Averages:

7-Day MA: $100,395 (Acting as resistance)

99-Day MA: $94,759 (Providing strong support)

Order Book Analysis:

Buy-Side Pressure: 47.32%

Sell-Side Pressure: 52.68% (Signaling mild bearish dominance)

24-Hour Projection

Bearish Scenario: If Bitcoin struggles to reclaim $100,000, further downside movement is likely.

Target Range: $95,500–$96,000

Key Factors: Lower highs and persistent sell pressure.

Bullish Scenario: A sustained position above $97,500 with increased trading volume could trigger an upward breakout.

Target Range: $100,500–$101,000

Key Drivers: Potential short squeeze around the key $100K psychological level.

Probability Outlook:

Downtrend Likelihood: 60%

Upside Rebound Potential: 40%

1-Week Forecast

Downside Risks: If broader market sentiment weakens, BTC may test $92,000–$94,000, aligning with the 99-day MA as a crucial support level.

Upside Potential: A strong influx of liquidity could drive BTC towards the $102,000–$104,000 range.

Critical Levels to Watch

$96,000 – A key support zone for bulls to defend.

$100,000 – The major resistance level that could determine market direction.

Final Thoughts

Short-Term (24H): Expect market fluctuations with a slight bearish edge.

Mid-Term (7 Days): Likely to trade within the $92,000–$104,000 range unless a strong fundamental catalyst emerges.

Key Watch Factors: Trading volume surges, macroeconomic events, and BTC ETF-related developments.

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