$BTC /USDT – BULLISH MOMENTUM OR FAKEOUT? NEXT MOVE CRITICAL!
Current Price: $96,207.24
Market Outlook:
$BTC /USDT rebounded sharply from $93,388.09, showing strong buying interest, but resistance at $96,700.00 remains unbroken. A breakout above this level could confirm a bullish continuation, while rejection may trigger a short-term pullback.
Key Levels to Watch:
Resistance: $96,700.00 → Breakout could target $97,229.52 - $98,000.00
Support: $95,619.77 → Holding above this level is crucial for maintaining bullish momentum
Critical Support: $93,388.09 → Breakdown could trigger further downside
Technical Insights:
Parabolic SAR (0.02, 0.2) at $96,700.00 suggests resistance is still strong.
24H High/Low: $96,700.00 / $93,388.09, showing a wide range with high volatility.
Volume: Needs to increase for a sustainable breakout.
Trading Strategy:
🔹 Bullish Confirmation: A 1H close above $96,700.00 with strong volume could confirm an uptrend continuation.
🔹 Bearish Scenario: If rejected, expect a pullback to $95,619.77 - $93,388.09.
📊 Watch for breakout confirmation or rejection before entering positions! 🚀