Technical analysis by hassanshahjehan about Symbol BTC: Sell recommendation (1/5/2025)

Current Price: 97,840Support Level: 95,059Resistance Level: 99,000Next Support Level: 92,200Next Resistance Level: 103,500Bullish Scenario: If the price breaks above the 99,000 resistance level with strong volume, consider entering a long position with a stop-loss order below the 95,059 support level. If the price further breaks above 103,500, adjust your stop-loss accordingly.Bearish Scenario: If the price breaks below the 95,059 support level, consider entering a short position with a stop-loss order above the 99,000 resistance level. If the price further breaks below 92,200, adjust your stop-loss accordingly.Range Trading: If the price remains within the 95,059 - 99,000 range, consider range trading strategies, such as buying at support and selling at resistance.