๐จ $BTC Trading Signal: LONG ๐
Pair: $BTC /USDT
Entry: $109,300 - $109,500
Target 1: $110,000 (TP1) | Target 2: $110,800 (TP2) | Stop Loss: $108,800
Analysis:
$BTC is consolidating just below the $110K psychological resistance after a 0.5% pump today, backed by $70B+ 24h volume. The 7-day MA at ~$111K is flattening, signaling potential reversal from recent dip. RSI on 4H chart at 55โneutral but coiling for upside. Broke above key EMA(20) on hourly, with bullish engulfing candle closing the session. Macro tailwinds: ETF inflows hit record highs this week, eyeing $115K by EOM if we hold $108.5K support.
Risk: 1-2% per trade. Position size accordingly.
Who's riding this wave? Drop your targets below! ๐
