Bitcoin ($BTC ) Market Update & Trading Strategy
$BTC is currently trading at $84,376.23, with a 24H high of $84,676.28 and a low of $83,618.00. The 15-minute chart shows BTC experiencing some consolidation after testing resistance near $84,500. A breakout above this level could push prices toward $85,000 and beyond.
Technical indicators:
MACD: Showing slight bearish momentum (-1.12), indicating possible short-term retracement.
RSI: At 57.39, suggesting BTC is in a neutral zone with room for further movement.
Volume: A decline in volume could signal an upcoming volatility spike.
Trading Strategy:
Scalpers can look for quick entries around $84,175 with targets near $84,500 and $84,700.
Swing traders should watch for a confirmed breakout above $84,700 or a potential pullback toward $83,800 for long entries.
Stay updated and manage risk carefully!
