Based on your chart (BTC/USDT, 1D timeframe), here’s a basic Support & Resistance analysis and a simple trade plan:
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Support & Resistance Levels
Resistance:
1. 96,700–97,000 USDT — Price is near this level and may face selling pressure.
2. 100,000 USDT (psychological level) — A strong resistance and round number.
Support:
1. 93,500 USDT — Recent 24h low.
2. 90,000 USDT — Prior resistance turned support.
3. 85,000 USDT — Strong historical support.
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Trade Plan
Scenario 1: Bullish Breakout
Entry: Above 97,000 USDT (after breakout confirmation with volume).
Target: 100,000 and 105,000 USDT.
Stop-loss: Below 94,500 USDT.
Scenario 2: Pullback Buy
Entry: Around 90,000–91,000 USDT (support zone).
Target: 96,000–97,000 USDT.
Stop-loss: Below 88,500 USDT.
Scenario 3: Short (if rejected at resistance)
Entry: Near 96,700–97,000 USDT if price shows rejection/wick.
Target: 93,500 or 90,000 USDT.
Stop-loss: Above 97,500 USDT.
