BTCUSDT TRADE SCENARIO
1. Resistance Zone: ~96,550 – 96,800
Price sharply rejected from this area after a strong upward move.
Multiple wicks and hesitation indicate sellers are active here.
2. Support Level: ~96,000
Price bounced off this level multiple times, showing buying interest.
A break below this could trigger a deeper correction toward ~95,600 or lower.
3. Current Structure:
Price is ranging between 96,000 and 96,800 after a strong bullish leg.
This could be consolidation before a breakout.
Bias:
If price reclaims and holds above 96,550 with strength, bulls may target 97,200+.
If it breaks and holds below 96,000, we could see short-term bearish momentum.