BTC/USDT Update ā€“ Strong Bullish Momentum Confirmed

Bitcoin is consolidating near the critical 98,000resistanceafterreboundingfromthe98,000resistanceafterreboundingfromthe96,200 support zone. With $1.69B in spot volume and sustained buying pressure, BTC shows strength, but RSI divergence on lower timeframes suggests cautious optimism.

Key Levels:

  • Support: $96,200 (must hold for bullish structure)

  • Resistance: $98,800 (breakout trigger)

  • Pivot: $97,600 (intraday bias gauge)

Trading Strategy:

āœ… Entry:

  • Ideal buy zone: 97,200ā€“97,200ā€“97,500 (confirmed by bullish candlestick patterns like hammer/engulfing).

šŸŽÆ Targets:

  1. $98,600 (initial take-profit)

  2. $99,800 (mid-range resistance)

  3. **101,500+āˆ—āˆ—(runtoward101,500+āˆ—āˆ—(runtoward100K psychological milestone).

āš ļø Stop Loss: $96,000 (avoids fakeouts and breakdown risks).

Pro Tips:

  • A breakout above $98,800 with high volume could accelerate the rally.

  • Watch for a bullish retest of $97.2K on the 1H chart for low-risk entries.

  • Manage leverage carefullyā€”ATH zones often see sharp reversals.

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