BTCUSD 1H Technical Analysis

Market Overview:
BTCUSD is currently trading within a key range, indicating potential for a breakout or reversal depending on price action around critical levels.

Key Levels:

Resistance: $94,800 - $95,500

Support: $91,500 - $92,000


Bullish Scenario:
A breakout above $95,500 could lead to upward targets at $97,000 and $98,500.

Bearish Scenario:
A breakdown below $91,500 might push the price towards $90,000 and $88,500.

Trading Strategy:

Long Entry: Above $95,500 with confirmation.

Short Entry: Below $91,500 with confirmation.

Always use stop-loss for proper risk management.