Has the spark of the rise ignited? $BTC breaks resistance and shows strong upward signals
Technical Analysis BTC/USDT – 12-hour timeframe (Binance)
Current Price: 106,935 USDT
Highest Price in 24 Hours: 107,262 USDT
Lowest Price: 104,494 USDT
Change Percentage: +1.88%
Quick Analytical Overview:
Technical Indicators:
Bollinger Bands: The price has broken through the middle line (MB 106,691) upwards, indicating buying momentum.
RSI (6): At level 58.45 – not yet overbought, allowing room for upward movement.
MACD: Potential positive crossover, enhancing the chances of continued upward movement.
Price Movement:
The price formed a double bottom pattern at 100,372 USDT.
Broke secondary resistance around 104,800 USDT and is now targeting the next resistance.
Proposed Trading Plan:
Ideal Entry Area:
🔹 Between 106,500 – 106,900 USDT (current price)
🔸 Additional Support: 104,800 USDT (second entry if a pullback occurs)
Targets (TP):
First Target: 110,500 USDT
Second Target: 112,500 USDT
Third Target (strong breakout): 118,000 USDT
Stop Loss (SL):
🔻 Clear break below 103,800 USDT (below the lower Bollinger band)
Risk Management:
Risk-to-Reward Ratio: Approximately 1:3
It is preferable to divide the capital into two portions for safe entry.
Are you ready to make your profits from the market?
