To decide on optimal Bitcoin ( $BTC ) let's analyze the current market conditions.
Current Price: $111,578.42
Recent Price Action: Bitcoin has shown a 1.98% increase, with a current price of $111,578.42. The 24-hour high is $112,350, and the low is $109,189.99.
Sell Strategy:
- Entry Point: Consider selling #BTC at $112, with confirmation from a bearish reversal candlestick pattern or a break below the support zone.
- Stop-Loss: Set a stop-loss at $$112,500-$113,000, above the recent resistance level.
- Target Points:
- First Target: $109,000-$110,000, targeting a 2-3% gain.
- Second Target: $105,000-$106,000, aiming for a 5-6% gain.
Key Indicators:
- Market capitalization: $2.18 trillion
- Recent price change: 1.98% increase
- Trading volume and market sentiment will be crucial in determining BTC's direction
ॐ🌞🌟 BUY and trade here 👇 #SmartInvesting