Market Sentiment: Bullish
Key Price Zones:
Resistance: $97,500 and $100,000 remain the critical barriers for bulls.
Support: Watching $94,500 and $92,000 as key levels to maintain upward structure.
Trade Idea:
Entry: $96,000
Target: $98,000
Stop Loss: $94,000
Technical Snapshot:
RSI: Climbing toward overbought levels, signaling the potential for short-term cooling or sideways action.
MACD: Still flashing strong bullish momentum, supporting the case for further upside continuation.
Summary:
BTC continues its bullish trajectory, with momentum indicators backing a potential push higher. However, traders should stay alert as RSI hints at a possible pause or minor retracement. Eyes on the $97,500 resistance — a break above could ignite a move toward six figures. Trade wisely and manage risk.
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