📊 Current Status of Bitcoin (BTC)
Current price: $104,637 USD
Daily change: -1.6%
Intraday high: $106,341 USD
Intraday low: $104,051 USD
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🔍 Technical Analysis and Key Levels
Critical resistance: $65,000 USD. Surpassing this level could indicate a significant bullish continuation.
Important support: $72,000 USD. A pullback to this level could offer buying opportunities before a new bullish push.
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📈 Market Outlook
Price prediction: Analysts like Willy Woo suggest that, once Bitcoin surpasses its current all-time high, it could quickly reach $118,000 USD.
Open interest: Open interest in Bitcoin futures has reached all-time highs, indicating growing market participation.
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🛠️ Suggested Trading Strategies
Breakout trades: Consider entering long positions if the price surpasses $65,000 USD with significant volume.
Reversals at support: Look for buying opportunities if the price pulls back to key support levels like $72,000 USD.
Risk management: Use adjusted stop-loss orders to protect your positions, especially in a volatile market.
