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Ebrahim
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Bitcoin analysis The BTC/USD chart shows a previous downtrend followed by a sideways consolidation phase around $94,932. Key resistance levels are near $96,000 and $98,000, while key support levels are at $94,000 and $92,500. Sentiment is bearish in the short-term as the previous trend is bearish and price consolidation may lead to further failure. Open a short position near $94,800-$95,000 and place a stop loss at $96,100 to limit risk. Price targets for short selling are $94,000 (first target) and $92,500 (second target), where important support levels are located. If the price crosses $96,100 and stays above it, review the sell position and consider the possibility of a change to the upside. To enter a buy position, take action above $96,100 and set a stop loss at $94,800 to manage risk. The targets for the buy position are $98,000 (first target) and $100,000 (second target) if the uptrend continues.
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