$BTC /USDT

Current Price: $96,139.65 (-1.90%, bearish pressure)

24h High/Low: $98,232.91 / $94,876.88

Volume: 18,953.48 BTC, showing moderate trading activity.

Moving Averages (MA):

✅MA(7): $96,220.92 (short-term trend)

MA(25): $95,949.63 (mid-term trend)

✅MA(99): $96,311.30 (long-term trend, acting as resistance)

Technical Signal Analysis:

📉 Resistance at MA(99) – Possible Short-term Rejection

Price touched $96,469.78 but failed to break MA(99) ($96,311.30), indicating resistance.

This suggests a potential pullback unless BTC can break above MA(99).

📈 Bullish Short-term Trend (MA Cross Signal)

MA(7) > MA(25) → Indicates a short-term bullish trend.

Price is still near resistance, so a breakout above $96,500 is needed for confirmation.

📊 Volume Analysis – Declining Momentum

Recent buying volume was strong, but selling pressure is increasing, making BTC vulnerable to a dip.

Trading Strategy

🔹 Entry Points:

Breakout Buy: If BTC breaks and holds above $96,500-$96,600, enter long for a target of $97,000-$97,500.

Pullback Buy: If BTC drops to $95,700-$95,900 (near MA(25)), look for a bounce trade.

🔹 Exit Points:

Take Profit Levels:

Short-Term: $97,000 - $97,500

Extended Target: $98,000

Stop Loss: Below $95,500, in case of further downside.

Final Verdict: Wait for Breakout or Buy the Dip

✅ Buy on breakout above $BTC 96,500 for bullish continuation.

⚠️ Wait for a pullback if rejection from MA(99) continues.#btc #BTCNextATH? #BTCvsInflation #bitcoin #LAYEROnBinance