BTC Rebound: Eyeing Key Resistance Levels for a Breakout .
2024-12-02

BTCUSDT - Key Levels in Focus!

This 30-minute chart highlights a potential bullish breakout as BTCUSDT eyes the critical resistance level at $100,540. A clean break above this level could signal strong upward momentum, making it a prime target for bulls.

🔑 Bullish Perspective:

The recent bounce from $95,871.47 shows significant buying interest at the support level.
Price has moved above the yellow zone, indicating a potential continuation of the uptrend.
A breakout above $98,650.06 (red zone) could confirm the bullish scenario, targeting $100,540 and beyond.

⚠️ Bearish Perspective:

If the price fails to sustain above the yellow zone and falls below $95,871.47, bearish pressure may intensify.
Watch for signs of rejection at the resistance levels, which could lead to a pullback toward lower support zones.

📊 Trading Plan:

Bullish Trade: Enter above $98,650.06, aiming for $100,540 with a tight stop-loss near $97,000.
Bearish Trade: Short below $95,871.47, targeting the next support zone.
Stay cautious and manage your risk wisely! 🚀🐻