📉$BTC BTC/USDT Update: Bitcoin Struggles Below $95,000


Bitcoin (BTC/USDT) has slipped 1.63% in the last 24 hours, trading at $94,279.30. Let’s break down the current situation and potential scenarios for the world’s largest cryptocurrency:

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🔥 Key Metrics

💰 Current Price: $94,279.30
🔝 24h High: $97,550.00 – A critical resistance level.
🔻 24h Low: $93,500.01 – Immediate support zone being tested.
📉 Trend: Short-term bearish as BTC consolidates below $95,000.

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📊 Technical Analysis

🔄 Resistance:

$95,000–$97,000 – Bitcoin must reclaim this zone to regain bullish momentum.

📉 Support:

$93,500 – Holding this level is crucial to prevent further downside.

Next support lies near $90,000, should BTC break below $93,500.

📊 Volume:

Trading activity remains moderate, signaling indecision among traders.

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💡 Trading Insights

1️⃣ Short-Term Strategy:

Consider long entries near $93,500 if support holds.

Target $95,000–$97,000 for potential upside gains.

2️⃣ Risk Management:

Use tight stop-loss orders below $93,000 to protect against a deeper correction.

3️⃣ Long-Term Outlook:

Bitcoin’s macro bullish trend remains intact as long as it stays above key levels around $90,000.

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💬 Will Bitcoin reclaim $95,000 or slide further? Share your thoughts below!

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