BTC LONG TRADE SIGNAL – BULLISH MOVEMENT EXPECTED FROM EMA SUPPORT – Targeting $108,500+
✅ Entry Price: Around $100,500 – $101,000
103,678.75 (+1.64%)
Why Long?
$BTC recently bounced off the psychological $100K level and is now holding above the 50 EMA on the 6H chart (around $100,046). This price action is showing signs of a strong uptrend, with higher highs and consistent bullish momentum. The market structure suggests we are in the midst of a bullish continuation, with price action coiling just below the local top of $105,819.
A dip into the EMA support zone ($100.5K–$101K) presents a solid entry opportunity, offering a favorable risk-reward ratio. As long as $100K holds, a strong push toward the recent highs and possibly beyond is highly likely.