Patience is key, $BTC smashed through our target.
I know many who picked up the call now sitting on cool profit😍
BITCOIN LONG AND SHORT TRADE SETUP
$BTC is trading around $94,695, reflecting a 0.6% intraday gain. Here's a concise trading setup based on current market conditions:
📊 Key Technical Levels
Support Zone: $93,620–$93,715. This range has shown strong buyer interest, serving as a critical support area.
Immediate Resistance: $95,930, identified as the Point of Control from recent sessions, acting as a price magnet.
Breakout Threshold: $95,000. A sustained #move above this level could signal a breakout, potentially targeting six-figure prices.
🧭 Trading Strategies
🔹 Long Position
Entry: Consider entering near the support zone ($93,620–$93,715) if price action confirms a bounce.
Target: $95,930, with potential to extend towards $96,590 and $96,985 if momentum continues.
Stop-Loss: Below $93,620 to manage risk.
🔹 Short Position
Entry: If #BTC fails to break above $95,930 and shows signs of reversal, consider shorting with confirmation.
Target: $94,670, with further downside to $94,055 and $93,730 if selling pressure increases.
Stop-Loss: Above $96,000 to limit potential losses.
🔍 Market Sentiment
Analysts note that Bitcoin is exhibiting strong bullish momentum, with potential to challenge all-time highs amid increasing capital inflows. However, caution is advised as momentum indicators suggest the market is nearing overbought conditions.
$BTC is trading around $94,695, reflecting a 0.6% intraday gain. Here's a concise trading setup based on current market conditions:
📊 Key Technical Levels
Support Zone: $93,620–$93,715. This range has shown strong buyer interest, serving as a critical support area.
Immediate Resistance: $95,930, identified as the Point of Control from recent sessions, acting as a price magnet.
Breakout Threshold: $95,000. A sustained #move above this level could signal a breakout, potentially targeting six-figure prices.
🧭 Trading Strategies
🔹 Long Position
Entry: Consider entering near the support zone ($93,620–$93,715) if price action confirms a bounce.
Target: $95,930, with potential to extend towards $96,590 and $96,985 if momentum continues.
Stop-Loss: Below $93,620 to manage risk.
🔹 Short Position
Entry: If #BTC fails to break above $95,930 and shows signs of reversal, consider shorting with confirmation.
Target: $94,670, with further downside to $94,055 and $93,730 if selling pressure increases.
Stop-Loss: Above $96,000 to limit potential losses.
🔍 Market Sentiment
Analysts note that Bitcoin is exhibiting strong bullish momentum, with potential to challenge all-time highs amid increasing capital inflows. However, caution is advised as momentum indicators suggest the market is nearing overbought conditions.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
95,410.09
-0.81%
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