#BinanceActivity Update #BTC ๐ฅ
๐ Trade Idea : $BTC 'Price has broken above the
๐ปdowntrend line AND crossed back over the๐
200 SMA (Golden Cross)!โ
Also, the big price gap between $74K and $90K (after US elections) has been completely filled โ showing strong buyer interest!
๐ฐPlan: Look to buy if price retests near $90K, aiming for a move to $100K (+10% upside).
๐Pattern (Whatโs happening?):
โจResistance Breakout โ When price breaks above a resistance, it means๐ buyers are stronger than sellers.
โกAfter breaking resistance, price often moves toward the next resistance level โ which is now $100K.
๐Trend Overview:
๐Short-term Trend: Strong Up
โ
(buyers are leading!)
๐Medium-term Trend: Up
โ
(momentum picking up)
๐ปLong-term Trend: Still Down
โ(but signs of recovery are showing)
๐ฅMomentum Update:
๐ขMACD Indicator is bullish โ the MACD Line is above the Signal Line (good news!)
but๐ the Histogram bars are getting smaller, meaning momentum is slowing down a bit.
โ๏ธ RSI (Relative Strength Index) is neutral โ price is not overbought and not oversold (safe zone between 30โ70).
๐ก๏ธSupport and Resistance Levels:
Support Zones:
๐$75,000 โ first place to watch if price dips.
๐$60,000 โ stronger backup support if things get messy.
Resistance Zones:
๐ฏ$100,000 โ immediate price target!
๐ฏ$108,000 โ next big resistance if $100K breaks!
๐Summary for Traders:
๐Price action is turning bullish with strong buying pressure.
๐Buy opportunities on pullbacks near $90K.
๐Target 1: $100K๐ฏ
๐Target 2 (bonus): $108K๐ฏ
๐Stop Loss idea: If price falls below $75K, be cautious or exit
๐Final Tip:
Patience is key! Wait for a good retest near $90K โ donโt chase high prices.๐
Risk small, aim smart!๐ฏ
#zentracrypto #haxnocrypto $BTC