1. **Current Price**: Bitcoin price is currently around 98,363.67 USDT. This is an important level as it can act as support or resistance depending on market conditions.
2. **Support and Resistance Levels**:
- **Support**: Support levels are at 96,000.00 USDT, 94,000.00 USDT and 92,000.00 USDT. These levels could be important if the price starts to decline.
- **Resistance**: Resistance levels are at 100,000.00 USDT, 102,000.00 USDT and 104,000.00 USDT. These levels could be important if the price starts to rise.
3. **Long Position**: If you are considering opening a long position, it is important to consider the following points:
- **Entry Point**: Current price around 98,363.67 USDT could be a good entry point if you expect the price to rise to resistance levels.
- **Stop Loss**: Set a stop loss below key support levels, such as 96,000.00 USDT, to minimize potential losses.
- **Take Profit**: Consider setting take profit at resistance levels such as 100,000.00 USDT or 102,000.00 USDT.
4. **Market Sentiment**: Pay attention to market sentiment and trading volumes. If volumes are rising while the price is rising, this may be a signal for further gains.
5. **Risks**: Always consider the risks associated with trading cryptocurrencies. The market can be very volatile and prices can change quickly.
Overall, the current Bitcoin/USDT market situation may provide opportunities to open a long position, but it is important to carefully analyze market conditions and manage risks.$BTC