Rationale: 1. Increased liquidity expected around the $92,000 level. 2. Trend analysis supports a bearish movement in the short term. 3. Strong resistance identified at the $98,000 level.
📉 Stop Loss: $98,300 💡 Ensure risk management strategies are in place!
BTC Analysis. Future trade. BTC is on the resistance level. If breaks 98600 it will go to 104000. trade Setup. position long 🟢 Entry 98600 Take profit 101900
1. Retest of Support: The price successfully retested and is holding the breakout level at $1.60. 2. EMA Support: The 25 EMA aligns with the current support zone, adding confluence.