Bitcoin Analysis: Key Levels to Watch!
The BTC/USDT chart shows an interesting setup heading into the next trading sessions:
Support Zone: Dips into the 93K region are likely to attract strong buying interest, as this area is a critical support highlighted by the red zones ("Bear Day" & "Bear Week"). If the price holds this level, we could see a potential bullish reversal targeting the 100K psychological level, aligning with the "Bullish Swing" and weekly resistance zone.
Upside Potential: A bounce from 93K could send BTC soaring toward 100K, with the next key resistance at $99,500-$100,000, a confluence of major weekly swing levels.
Downside Risk: However, a daily close below 93K would be concerning, as it opens the door to lower levels, with the next target in the 91K-
92K region or even deeper. The red zones below 93K highlight areas of increased bearish momentum.
📊 Strategy:
Bullish Case: Long positions around 93K with tight stop-losses below the support zone. Targets:
97K, 99K, and 100K.
Bearish Case: Monitor for a confirmed breakdown below 93K for short setups targeting lower levels.
Patience is key! Let the levels dictate your next move. 🚀📉
Support Zone: Dips into the 93K region are likely to attract strong buying interest, as this area is a critical support highlighted by the red zones ("Bear Day" & "Bear Week"). If the price holds this level, we could see a potential bullish reversal targeting the 100K psychological level, aligning with the "Bullish Swing" and weekly resistance zone.
Upside Potential: A bounce from 93K could send BTC soaring toward 100K, with the next key resistance at $99,500-$100,000, a confluence of major weekly swing levels.
Downside Risk: However, a daily close below 93K would be concerning, as it opens the door to lower levels, with the next target in the 91K-
92K region or even deeper. The red zones below 93K highlight areas of increased bearish momentum.📊 Strategy:
Bullish Case: Long positions around 93K with tight stop-losses below the support zone. Targets:
97K, 99K, and 100K.Bearish Case: Monitor for a confirmed breakdown below 93K for short setups targeting lower levels.
Patience is key! Let the levels dictate your next move. 🚀📉
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