The $BTC /USDT pair has been experiencing a strong bullish trend, with the price consistently breaking above resistance levels. The current price action suggests a continuation of this bullish momentum.

Key Support and Resistance Levels:

Support: The immediate support level is located at $84,572.74. This level has been tested multiple times and has held strong, indicating its significance.

Resistance: The key resistance level is situated at $93,265.64. A break above this level could signal a further acceleration of the bullish trend and potentially lead to a new all-time high.

Entry Signal:

A potential long entry signal could be generated if the price breaks above the $92,862.57 resistance level, which is the current price level. This breakout would confirm the continuation of the bullish trend and could potentially lead to further upside movement.

Trading Strategy:

Long Entry: Buy BTC/USDT at or above $92,862.57.

Stop-Loss: Place a stop-loss order below the recent swing low at $84,572.74.

Take-Profit: Set a take-profit target at the $93,265.64 resistance level, or consider using a trailing stop-loss to protect profits as the price moves higher.

Additional Considerations:

Bollinger Bands: The Bollinger Bands are currently expanding, indicating increased volatility. This suggests that the price could experience larger swings in both directions.#USInflationAboveTarget #CPIUpdateOctober #TrumpNominatesMuskDOGE #MidNovemberMarket #Write2Earn!