$BTC Current Market Status
Bitcoin price is trading near $96,000–97,000, hitting an 8-week high recently. �
The Economic Times
Technical indicators show the price just below a strong resistance zone (~$97,250) — where sellers could step in. �
MEXC
If Bitcoin fails to break above this resistance with volume, it can reverse or pull back. That’s when sell trades become more favorable.
🔥 Sell Zone (Short-term Opportunity)
👉 Short/Sell Entry Range:
$96,500 – $97,250
(Strong resistance area where price often faces rejection) �
MEXC
👉 Target Levels (Profit Booking):
✅ 1st target: ~$94,500 (first support)
✅ 2nd target: ~$92,000 – $90,000 (major support cluster) �
MEXC +1
👉 Stop-Loss (Risk Control):
📍 Above $97,500 – $98,000
⚠️ Note: The resistance around $97.2K – $98K is strong — if price closes convincingly above it with good volume, the sell signal weakens and a bullish breakout might continue. �
MEXC
📉 Why Sell Here? (Technical Reasoning)
✔ Price is near key resistance, where selling pressure historically spikes. �
✔ RSI or momentum may be nearing overbought zone — increasing pullback risk before a breakout. �
✔ Failure to hold recent highs often leads to profit-taking corrections in BTC. �
MEXC
MEXC
Barron's
🧠 Quick Summary (Aaj ka Trade Idea)
Sell/Short near $96,500–97,250
Take profit toward $94,500 and lower supports (~$92K–$90K)
Stop-loss above $97,500–98,000
📌 Note: Cryptocurrency markets are extremely volatile. Trade with risk management — sizing positions small and using stop-loss is crucial.
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