ZERO TRUST
--
$BTC Facing Strong Bearish Pressure – A Strategic Buying Opportunity!
Market Overview: Downtrend with Signs of Recovery
Bitcoin (BTC) is currently trading at $103,096.97, down -5.06%, reflecting a significant pullback from its 24-hour high of $108,700.01, with a low of $100,119.04.
Despite the sharp drop, key support levels are holding, and buying interest is evident. The 7-day MA at $102,258.28 and the 25-day MA at $97,572.82 suggest short-term bearish momentum, but the 99-day MA at $89,601.24 indicates a strong long-term bullish outlook.
Trade Setup:
Optimal Entry Zone: $100,000 – $102,000 (Look for stabilization and bullish confirmation)
Targets :
$105,500 – Short-term resistance $108,000 – Key breakout level $110,500+ – Major upside potential
Stop-Loss: $98,500 (To protect capital in case of further downside)
Volume Insight:
With a 24h volume of 67,202 BTC, the market remains highly active, suggesting potential for a rebound if buying pressure increases.
Summary:
BTC is currently facing heavy selling pressure but with key support levels intact, a potential bounce could offer profitable opportunities. Traders should monitor for bullish confirmations and volume surges before entering positions. Stay alert and manage risk wisely for optimal gains!
#MelaniaTrumpLaunchesToken #UyedaLeadsSEC
Market Overview: Downtrend with Signs of Recovery
Bitcoin (BTC) is currently trading at $103,096.97, down -5.06%, reflecting a significant pullback from its 24-hour high of $108,700.01, with a low of $100,119.04.
Despite the sharp drop, key support levels are holding, and buying interest is evident. The 7-day MA at $102,258.28 and the 25-day MA at $97,572.82 suggest short-term bearish momentum, but the 99-day MA at $89,601.24 indicates a strong long-term bullish outlook.
Trade Setup:
Optimal Entry Zone: $100,000 – $102,000 (Look for stabilization and bullish confirmation)
Targets :
$105,500 – Short-term resistance $108,000 – Key breakout level $110,500+ – Major upside potential
Stop-Loss: $98,500 (To protect capital in case of further downside)
Volume Insight:
With a 24h volume of 67,202 BTC, the market remains highly active, suggesting potential for a rebound if buying pressure increases.
Summary:
BTC is currently facing heavy selling pressure but with key support levels intact, a potential bounce could offer profitable opportunities. Traders should monitor for bullish confirmations and volume surges before entering positions. Stay alert and manage risk wisely for optimal gains!
#MelaniaTrumpLaunchesToken #UyedaLeadsSEC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
3
0