🚨 Bitcoin (BTC) Market Update 🚨
🔹 Pair: BTC/USDT
🔹 Current Price: $96,124.99 (-1.95%)
🔹 Timeframe: 4H Chart
📈 Key Levels:
✅ Resistance: $97,421 → Breakout needed for a bullish trend
✅ Support: $94,713 → Holding this level is crucial
✅ Parabolic SAR: $98,198 (Indicates downtrend continuation)
📊 Technical Indicators:
MACD: Bearish crossover, downward pressure increasing
RSI: 44.97 (Neutral, slightly bearish)
MA (5): $2,796 (Short-term trend)
MA (10): $2,611 (Bearish divergence)
🔥 Trade Strategy:
🟢 Long Entry: $94,500 - $95,000 (If support holds)
🎯 Target 1: $97,500
🎯 Target 2: $100,000
🔴 Stop-Loss: $93,800
⚠️ Market Outlook:
BTC is showing bearish pressure, with a recent drop towards $94.7K. However, a bounce-back attempt is visible. If BTC breaks $97.5K, we could see a recovery. Otherwise, further downside to $93K is possible.
🔔 Stay alert for market movements! 🚀
