#StrategyBTCPurchase $BTC BTC Market Update
After reaching a high of $114,177,
$BTC BTC pulled back to $112,380 before stabilizing around $113,646âholding just above the 60-day moving average ($113,214). This indicates that buyers are actively defending key support levels, keeping the mid-term uptrend intact.
đ§ Momentum Overview: The market remains cautiously bullish, though some indicators suggest potential consolidation ahead of the next move.
đ Technical Snapshot:
EMA(5) = 11.18 > EMA(10) = 9.26 â Bullish short-term alignment
RSI(6) = 64.0 â Approaching overbought, but still in healthy territory
StochRSI â 48 / 27 â Neutral; no extreme signals
MACD â Still trending positively; uptrend remains intact
đ Key Levels:
Support: $113,200 â $113,300
Resistance: $114,100 â $114,200
Strategy Idea (BTC Entry):
Buy Zone: $113,200â$113,300 (on dips near support)
Short-Term Target: $114,100â$114,200
Breakout Target: $115,000+ if momentum strengthens
Stop Loss: $112,800
Bias: Bullish with caution. BTC is showing strength above key support, hinting at ongoing accumulation. Watch the RSI approaching 70 for potential overbought signals.
â ď¸ Reminder: The crypto market is highly volatile. Always do your own research (DYOR) before trading.
#MarketPullback #PowellWatch #HumaFinance