WBTC/USDT Consolidating Near Highs! Ready for Another Push? 🚀
$WBTC is currently trading at $82,810.24, showing slight consolidation at -0.05% today.
Looking at the 4-hour chart, $WBTC as experienced a strong upward move recently and is now consolidating near its recent highs. This period of sideways movement could indicate a temporary pause before another potential leg up.
Key Points:
Current Price: $82,810.24
24h High: $84,540.68
24h Low: $81,832.36
Potential Strategy:
Watch for a break above the $83,000 - $83,500 resistance area. A sustained move above this zone could signal renewed bullish momentum and the potential for further gains, targeting the recent high.
Possible Targets (Short-Term):
Initial Target: Aim for a retest of the 24-hour high at $84,540.68 after breaking the immediate resistance.
Further Potential: If the bullish momentum remains strong, the $85,000 level and beyond could become potential targets.
Risk Management:
Protect your position by setting a stop-loss order below a recent swing low within the consolidation range. Monitor the $82,000 support level for any signs of weakening momentum.
Disclaimer: Trading cryptocurrencies involves significant risk. This is not financial advice. Always conduct your own thorough research and analysis before making any trading decisions.
Stay alert and watch for a potential breakout from this consolidation! $WBTC
