š„ BTC HAS ARRIVED AT A DECISIVE AREA
After reacting strongly in the US$ 63Kā66K range, Bitcoin recovered important levels and is now trading close to US$ 80K.
In my analysis, the market has entered a zone that could define the next move.
š What I'm watching:
š¢ US$ 75Kā71,8K ā the area I want to see holding.
āļø US$ 80Kā82K ā the main resistance at the moment.
š If it breaks through this range strongly, I start looking at US$ 85Kā87K.
Beyond that, the next levels on my radar are US$ 90Kā95K and, higher up, the US$ 104Kā106K area.
But attention:
The Stoch RSI is already quite extended after this rise, so it wouldn't be strange to see a few days of correction or sideways movement before a new attempt to continue.
ā ļø And if it loses US$ 71,8K?
Then my attention goes back to the US$ 66Kā63K area, where BTC has already shown a lot of strength.
My reading today is simple:
Above 82K, the chart starts to look increasingly interesting for continuation of the uptrend.
Below 71,8K, I'm back in defense mode.
I don't try to guess the next candle.
I prefer to let price confirm the path. šāæ
#BTC #Bitcoin #Crypto #TechnicalAnalysis #Trading
After reacting strongly in the US$ 63Kā66K range, Bitcoin recovered important levels and is now trading close to US$ 80K.
In my analysis, the market has entered a zone that could define the next move.
š What I'm watching:
š¢ US$ 75Kā71,8K ā the area I want to see holding.
āļø US$ 80Kā82K ā the main resistance at the moment.
š If it breaks through this range strongly, I start looking at US$ 85Kā87K.
Beyond that, the next levels on my radar are US$ 90Kā95K and, higher up, the US$ 104Kā106K area.
But attention:
The Stoch RSI is already quite extended after this rise, so it wouldn't be strange to see a few days of correction or sideways movement before a new attempt to continue.
ā ļø And if it loses US$ 71,8K?
Then my attention goes back to the US$ 66Kā63K area, where BTC has already shown a lot of strength.
My reading today is simple:
Above 82K, the chart starts to look increasingly interesting for continuation of the uptrend.
Below 71,8K, I'm back in defense mode.
I don't try to guess the next candle.
I prefer to let price confirm the path. šāæ
#BTC #Bitcoin #Crypto #TechnicalAnalysis #Trading
