$BTC Coiling Tightly – Big Move Loading?
$BTC is trading at $88,525.43 after a slight pullback from $88,877. Price is compressing below resistance, suggesting a potential breakout or correction ahead.
Key Levels to Watch:
• Resistance: $88,600 – A breakout may drive price toward $88,900 and $89,300.
• Support: $88,400 – A breakdown could trigger a move to $88,100 and $87,700.
Trade Setup:
• Bullish Entry: Above $88,600
• TP1: $88,900
• TP2: $89,300
• Bearish Entry: Below $88,400
• TP1: $88,100
• TP2: $87,700
Stop-Loss: Use tight stops just outside breakout/breakdown zones to manage risk effectively.
