Market Context & Decision
Current BTC price: $97,336
Position: HOLD BUY (Entry: $95,414)
Target: $98,500 📈 | Stop-loss: $94,800
Key Insights
🔹 Bullish Sentiment – Financial data and historical trends suggest strong upward momentum.
🔹 Technical Indicators – Mixed signals, with BTC showing short-term overbought conditions, requiring caution.
🔹 Derivatives Data –
Funding Rate: -0.02% (Slight negative bias, but not strongly bearish).
Open Interest: 75,758 BTC (Healthy market activity).
Price Expectations & Strategy
📊 Scenario 1: Bullish Breakout (80% Confidence)
BTC pushes towards $98,500 if bullish sentiment continues.
Strong historical & financial backing supports the upward move.
📊 Scenario 2: Short-Term Correction
If BTC fails to break
98K, overbought conditions may trigger a pullback.
Support at $96K-$95K remains key for continued bullish structure.
Conclusion
HOLD BUY remains the optimal strategy.
BTC likely to test $98,500, but traders should monitor support levels in case of volatility.
Keep an eye on funding rates & open interest for further confirmation.
🚀 Will Bitcoin reach $98,500 or face a pullback? Let’s discuss! 👇
Current BTC price: $97,336
Position: HOLD BUY (Entry: $95,414)
Target: $98,500 📈 | Stop-loss: $94,800
Key Insights
🔹 Bullish Sentiment – Financial data and historical trends suggest strong upward momentum.
🔹 Technical Indicators – Mixed signals, with BTC showing short-term overbought conditions, requiring caution.
🔹 Derivatives Data –
Funding Rate: -0.02% (Slight negative bias, but not strongly bearish).
Open Interest: 75,758 BTC (Healthy market activity).
Price Expectations & Strategy
📊 Scenario 1: Bullish Breakout (80% Confidence)
BTC pushes towards $98,500 if bullish sentiment continues.
Strong historical & financial backing supports the upward move.
📊 Scenario 2: Short-Term Correction
If BTC fails to break
98K, overbought conditions may trigger a pullback.Support at $96K-$95K remains key for continued bullish structure.
Conclusion
HOLD BUY remains the optimal strategy.
BTC likely to test $98,500, but traders should monitor support levels in case of volatility.
Keep an eye on funding rates & open interest for further confirmation.
🚀 Will Bitcoin reach $98,500 or face a pullback? Let’s discuss! 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.