BTC/USDT Analysis (15-Minute Chart)
Current Market Status
Current Price: $98,753.47 (+0.27%)
24H High/Low: $98,924.09 / $95,676.64
Momentum: BTC has surged significantly, showing strong bullish momentum.
Technical Indicators
Moving Averages (MA):
MA(7): $98,004.71 (Price is above this, confirming an uptrend.)
MA(25): $97,492.04 (Price is well above, showing strong bullish momentum.)
MA(99): $97,144.84 (Uptrend confirmed as price is above all major MAs.)
Volume Spike: The recent green candle has a massive volume spike, indicating strong buying pressure.
Key Support & Resistance Levels
Resistance:
$98,900 - $99,000 → This is a key resistance zone. If BTC breaks above, it could test $99,500 or even $100,000.
Support:
$97,900 - $98,000 → If BTC retraces, this zone could act as support.
$97,400 - $97,500 → Strong support based on previous price action.
Trading Strategy
Bullish Scenario: If BTC stays above $98,500 and breaks $99,000 with strong volume, expect further upside.
Bearish Scenario: If BTC fails to break $99,000 and retraces below $98,500, a pullback towards $97,500 is likely.
Risk Management:
Stop Loss: Place below $97,500 for long positions.
Take Profit: $99,500 or $100,000 if bullish momentum continues.
