💥$BTC Testing Range After a -0.61% Dip!🔥
🌟Current Price: 92,585.49 USDT
🌟24-Hour High: 94,696.05 USDT (Resistance Zone to Watch)
🌟24-Hour Low: 91,935.41 USDT (Key Support Level)
24-Hour Trading Volume:
🌟BTC: 25,457.52
🌟USDT Equivalent: 2.38B
⚡BTC is consolidating within a tight range, hovering closer to its 24-hour low. Indicators such as RSI and MACD show neutral-to-bearish signals, suggesting potential for either consolidation or a breakdown.
⚡Trading Setup🤑
🎖️Bullish Scenario
Type: Range Rebound Setup
👉Entry Point: Above 92,800 USDT (Confirm rebound with rising volume)
👇Take-Profit Targets:
🎯TP1 (1:1): 93,500 USDT
🎯TP2 (1:2): 94,500 USDT
💢Stop Loss: Below 92,400 USDT
🎖️Bearish Scenario
Type: Breakdown Setup
👉Entry Point: Below 92,400 USDT (Confirmed rejection at the resistance zone)
👇Take-Profit Targets:
🎯TP1 (1:1): 91,700 USDT
🎯TP2 (1:2): 91,000 USDT
💢Stop Loss: Above 92,600 USDT
⚡Risk Management Strategy⚠️
After hitting TP1, adjust stop loss to breakeven for both setups
Secure partial profits by closing 50% of trade quantity, allowing for extended gains
⚡Notes for Observation🗝️
1. Monitor the 92,400 USDT support level for signs of breakdown or reversal.
2. Confirm price movement with increased volume—low-volume moves may indicate a false signal.
3. Patience is key; ensure clear confirmation signals before entering any trades
Disclaimer: #DYOR*
Buy Or Trade With Me On $BTC