#BinanceTurns8
๐ Technical Analysis: $BTC at a Pivotal Area ๐ฅ
๐ธ The current price is approaching resistance at $58,000
๐ธ The RSI indicator shows overbought conditions above 70, indicating a potential correction.
๐ธ The 50-day moving average crosses the 200-day (Golden Cross) = a positive signal for the medium term.
๐ฏ Trading Opportunities:
โ Entry upon breaking resistance = an upward opportunity towards $61,000
โ In case of a retracement, we might see a drop towards 54,500$ (strong support level)
๐ Reminder: This is not investment advice, just an opinion based on technical analysis.
What do you think? Will $BTC break the resistance or are we facing a nearby correction? ๐
#write2earnonbinancesquare
#BTC #CryptoAn alysis #CryptoArabic
