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$BTC /USDT Trading Signal – Retracement After Strong Rally
$BTC Going Up and Up
Current Price: $85,065.45 (+7.32%)
24H High: $86,558.00 | 24H Low: $78,258.52
Volume: 4.58B – Strong activity
📊 Technical Overview Recent High: $86,558 – Strong push before retracing. Support Zone: $84,500 - $84,800 (recent bounce area). Resistance Zone: $86,000 - $86,500 (recent high & selling pressure). Indicators: MA(7) = $85,428 (currently below it, showing short-term weakness). MA(25) = $85,224 (possible retest). 📈 Potential Trade Setups
Dip Buy Opportunity
Buy Zone: $84,500 - $84,800 Rationale: BTC has pulled back after a strong run. If it holds this level, it could rebound towards $86,000+.
Breakout Entry
Trigger: Above $86,500 with volume Rationale: A breakout above the recent high could push BTC toward $88,000 - $89,000. 💡 Risk Management Stop-Loss: $83,900 (below key support to limit downside). Take-Profit Targets: $86,500 (recent resistance). $88,000+ (potential breakout target).
⚠️ Final Thoughts:
BTC is in a short-term correction after a strong uptrend. If support holds, a rebound toward $86,500+ is likely. If it breaks below $84,500, further downside could follow. Watch for volume and confirmation!
#Bitcoin #BTC #CryptoTrading #BullishMomentum🚀