🚨 $BTC /USDT – Tight Range After Sharp Sell-off!
Bitcoin is trading around $94,033, down by 0.10% over the last 24 hours. The 15-minute chart highlights a recent steep drop from $95,369 down to $93,655, before attempting a slight recovery. However, the price action remains choppy, indicating indecision between bulls and bears.
The $94,300 zone is acting as immediate resistance, while $93,650 serves as a crucial support level. Breaking above $94,300 with strong volume could open doors toward $94,700–$95,000. On the flip side, if $93,650 fails, Bitcoin might retest lower supports near $93,200. Current volumes suggest buyers are cautious, waiting for clearer momentum before stepping in strongly.
Trade Setup:
Entry Zone: $93,800 – $94,100
Target 1: $94,700
Target 2: $95,000
Final Target: $95,300
Stop Loss: $93,500
Pro Tip: Focus on 15-minute candle closes above $94,300 to confirm bullish continuation. Otherwise, stay defensive with tight stop-losses amid sideways chop.