# $BTC
**Current Price: $85,456.84 | Recommendation: BUY | Confidence: 7.5/10**
Bitcoin continues its recovery from the April lows of $74,508, establishing a clear uptrend across all timeframes. Price action shows higher highs and higher lows, with current price comfortably trading above all major EMAs (7, 20, and 50). The technical structure remains decisively bullish despite some short-term caution signals.
## Technical Indicators
RSI values remain bullish but not overextended (67.65 on 1H, 60.63 on 4H), while MACD shows strong positive momentum (210.73 on 1H, 135.51 on 4H). The orderbook reveals significant buying pressure with an imbalance ratio of 1.36 favoring buyers, suggesting strong underlying demand.
## Key Levels to Watch
**Critical Support:**
- $85,200 (EMA7 on 4H chart)
- $84,800 (EMA20 on 4H + psychological level)
- $84,350 (EMA50 on 1H)
**Important Resistance:**
- $85,800 (Immediate psychological resistance)
- $86,500 (Medium-term resistance)
- $88,500 (Recent all-time high)
## Trading Strategy
**Entry:** $85,456.84 (market entry) with 5% of capital
**Stop Loss:** $84,800 (0.77% risk)
**Take Profit Targets:**
- TP1: $86,250 (0.93%) - Exit 40% position
- TP2: $87,100 (1.92%) - Exit 30% position
- TP3: $88,500 (3.56%) - Exit 30% position
## Risk Assessment
Despite the bullish setup, several bearish candlestick patterns (Doji, Shooting Star) have appeared in recent candles, suggesting potential short-term exhaustion. RSI on the 1H timeframe is approaching overbought territory, which could trigger a temporary pullback.
## Forecast (Next 12-24 Hours)
With 65% probability, BTC should continue its ascent toward the $86,000-$86,500 range. Price is likely to maintain within the $85,200-$85,900 channel over the next 8-12 hours before potentially challenging stronger resistance levels.
The Traffic Light System shows green signals across all timeframes (15m, 1h, 4h, 1d), confirming the bullish bias. However, traders should remain cautious of the identified bear trap risk (40%) around the $85,000 level.
