$BTC

$BTC Below is my analysis of the BTC/USDT chart based on the provided data, followed by a suggested trade including the entry point, stop loss, take profit, and the reasoning behind these decisions.

📝Chart Analysis

📝Price Action and Key Levels

👉Current Price**: 96,301.01 USDT

👉24-Hour High**: 97,136.00 USDT

👉24-Hour Low**: 95,852.29 USDT

👉Recent High**: 97,895.68 USDT

👉Recent Low**: 92,910.00 USDT

The price has experienced significant volatility, dropping from a high of 97,895.68 to a low of 92,910.00 before recovering to the current level of 96,301.01. This recovery, combined with a green candlestick following a series of red ones, suggests a potential reversal or pause in the downtrend.

📝 Moving Averages (MAs)

👉MA(7)**: 96,286.99

👉MA(25)**: 96,385.01

👉MA(99)**: 95,810.35

The current price is above the MA(99), indicating a longer-term bullish trend. However, it is slightly below the MA(7) and MA(25), suggesting short-term bearish pressure. This mixed signal implies that while the broader trend is upward, the short-term momentum has been weaker.