Quick technical analysis of the BTC/USDT pair
Current Price: ** 95,105.96 USDT (+1.71% last 24 hours)
Resistance: ** 95,630.00 USDT, and if it is broken, the price may head towards 96,200 USDT.
Support: ** 92,800.01 USDT, and prices may drop towards 92,000 USDT in case of a break.
Trading Strategies:
Bullish Approach.**
Entry.
After breaking the 95,630 USDT resistance or when testing 94,500 USDT, with strong buy signals appearing.
Stop Loss: around 94,200 USDT.
Target: 96,200 USDT.
Bearish Approach.**
Entry.
If prices break the 92,800 USDT support with technical confirmations.
-Stop Loss: above 93,200 USDT.
Target: 92,000