Latest Analysis:
Current Price: $98,444
Daily Movement: High $98,980, Low $96,862
Trend: Consolidation between $94,000 and $100,000 since early February
Market Sentiment: JPMorgan indicated potential near-term downside due to weak institutional demand.
Entry Strategy:
Long Entry: If the price breaks and sustains above $100,000 on high volume, this indicates a continuation of the bullish trend.
Short Entry: If the price falls below $94,000 with volume confirmation, this could be a bearish signal. Stop-Loss: Place below the nearest support or resistance level to minimize risk.