$BTC
Market Overview:
Bitcoin recently saw a short liquidation of $14.296K at $83,600, indicating strong buying pressure. This suggests that BTC might continue its upward momentum, making it crucial to identify the best buy zone, target, and stop-loss levels.
Buy Zone
Entry Range: $82,500 - $83,200
Reason: BTC has shown strong support in this area, with buyers stepping in aggressively after liquidations. A retracement to this zone could provide a good buying opportunity.
Target Levels
1️⃣ Target 1: $85,500 → Minor resistance level and psychological barrier.
2️⃣ Target 2: $87,000 → Previous local high and key resistance.
3️⃣ Target 3: $88,600+ (New ATH Zone) → If momentum continues, BTC could push toward a new all-time high.
Stop Loss
SL: $81,800 (Below recent support)
Why? If BTC drops below this level, it might signal weakness and a potential trend reversal.
Trade Logic
High liquidation at $83,600 suggests that weak shorts have been wiped out.
Strong buy interest in this zone means bulls are still in control.
BTC’s trend remains bullish, but risk management is key.
Trading Tip: Always adjust your strategy based on volume, news, and price action. Never risk more than you can afford to lose.
Bitcoin is gearing up—trade wisely!