Chart Summary:
Key Resistance: $101,107.27
Important Support: $98,115.68
Current Range: Between $98,000 and $100,000
Current Trend:
BTC is attempting to break the resistance at $101,107.27 after a bounce from the support at $98,115.68. This move suggests a possible bullish momentum if it sustains above $100,000.
️Potential Strategy:
Buy: Consider entries in the range of $99,000 – $100,000 with a stop loss below $98,000 to manage risk.
Target: Target the resistance at $101,107.27 and if broken, look towards levels above $102,000.
Notes:
Trading volume and momentum indicators will be crucial to confirm the strength of the move.
Stay tuned for any news or events that may affect BTC volatility.