$BTC We are observing a series of rising green candles after a slight correction, with a clear breakout of the nearest resistance level at 85,500.
4. Maximum price in 24 hours:
85,905 – very close to the current price, indicating that the price is still in the area of a new peak and may attempt to break it again.
5. Trading volumes:
Relatively high trading volume (1.56B USDT), confirming the validity of the upward trend.
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Nearest forecasts (short-term):
As long as the price remains above the averages, especially EMA7 and EMA25, the upward trend continues.
If resistance at 85,905 is broken, there is a possibility of movement towards the zones of 86,500 - 87,000.
The first strong support level at 84,460 (EMA25), then 82,336 (EMA99).
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Possible scenarios:
Upward: if the momentum continues and the peak of 85,905 is broken, we expect further growth to new levels.
Downward: if support at 84,460 is broken with a downward momentum, the price may return to test 82,300.
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Advice:
Watch for a breakout or breach of the last peak (85,905) with strong trading volume for entering buy trades.
Set an appropriate stop-loss level below EMA25 to reduce risks.