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#BinanceTurns8
📉 Technical Analysis: $BTC at a Pivotal Area 🔥
🔸 The current price is approaching resistance at $58,000
🔸 The RSI indicator shows overbought conditions above 70, indicating a potential correction.
🔸 The 50-day moving average crosses the 200-day (Golden Cross) = a positive signal for the medium term.
🎯 Trading Opportunities:
✅ Entry upon breaking resistance = an upward opportunity towards $61,000
❌ In case of a retracement, we might see a drop towards 54,500$ (strong support level)
📌 Reminder: This is not investment advice, just an opinion based on technical analysis.
What do you think? Will $BTC break the resistance or are we facing a nearby correction? 👇
#write2earnonbinancesquare
#BTC #CryptoAn alysis #CryptoArabic
#DayTradingStrategy
📉 Technical Analysis: $BTC at a Pivotal Area 🔥
🔸 The current price is approaching resistance at $58,000
🔸 The RSI indicator shows overbought conditions above 70, indicating a potential correction.
🔸 The 50-day moving average crosses the 200-day (Golden Cross) = a positive signal for the medium term.
🎯 Trading Opportunities:
✅ Entry upon breaking resistance = an upward opportunity towards $61,000
❌ In case of a retracement, we might see a drop towards 54,500$ (strong support level)
📌 Reminder: This is not investment advice, just an opinion based on technical analysis.
What do you think? Will $BTC break the resistance or are we facing a nearby correction? 👇
#write2earnonbinancesquare
#BTC #CryptoAn alysis #CryptoArabic
#DayTradingStrategy
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