$BTC from Binance, the current market setup shows bullish momentum following a rebound from the recent low of $93,377. BTC has broken above the 25-period and 7-period moving averages, suggesting a short-term bullish trend continuation. For spot trading, a good entry point would be between $96,500 and $96,800, which is near the current market price and aligned with the 7-period MA acting as dynamic support.
A suitable stop-loss should be placed at $93,000, slightly below the recent swing low and the 99-period MA, to protect against downside risk. This level ensures that the trade exits if the price loses the bullish