๐ BTC/USDT Technical Analysis
๐น Market Structure Analysis
๐ Bearish Trade (If BTC Breaks Below $79,360)
๐ฎ Possible Scenarios
โ Bullish Scenario (Break Above $82,925 Resistance)
Entry: Below $79,360
Target: $76,606 โ $75,000
Stop-Loss: Above $81,000
Current Price: $81,035.46 (-3.09%)
24h High: $84,336.33
24h Low: $79,939.90
24h Volume: 2.25B USDT
๐ Key Support & Resistance Levels
Major Resistance: $82,925
Current Resistance: $82,925
Current Price: $81,035
Major Support: $76,606
Bearish Trend: BTC has been in a correction phase after hitting a high of $92,810.
Sideways Consolidation: The price is ranging between $76,606 and $82,925, showing potential accumulation or distribution.
If BTC breaks and holds above $82,925, expect a move towards $86,490 โ $90,000.
A breakout above $90,000 could lead to a new all-time high near $93,620 โ $95,000.
โ Bearish Scenario (Break Below $79,360 Support)
If BTC breaks below $79,360, a drop towards $76,606 is likely.
Further breakdown below $76,606 may lead to $75,795 or even $72,000.
๐ Trading Strategy
๐ Bullish Trade (If BTC Breaks $82,925)
Entry: Above $82,925
Target: $86,490 โ $90,000
Stop-Loss: Below $81,000
โ Key Takeaways
๐น BTC is consolidating between $76,606 and $82,925.
๐น A break above $82,925 could push the price towards $86,490 โ $90,000.
๐น A break below $79,360 may trigger a drop to $76,606 โ $75,000.
๐น Watch out for Bitcoin dominance and market sentiment as they influence BTCโs price action.
Trade carefully and always use stop-loss to manage risks! ๐๐
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