Bitcoin is Heating Up: What’s Next and How to Profit
BTC/USDT just exploded past $93,800, clocking in nearly +6% in 24 hours. With a 24h high of $94,521 and RSI levels screaming overbought (RSI(6) at 84.48), we might be approaching a critical turning point.
Here’s what could be coming next:
Scenario 1: Minor Pullback Before a Breakout
The rally might cool off short-term as traders lock in profits, especially with RSI levels this high. Watch for a dip around $92,600 - $90,300 — potential entry zones if bulls hold the line.
Scenario 2: Bull Flag & Breakout
If consolidation forms a bullish flag or wedge, a breakout could shoot us past $95K, eyeing psychological zones like $97K and even $100K.
Profit Strategy:
• Short-Term Trader? Set tight stop-losses, buy on dips near support zones, and aim for breakout points. Watch volume!
• Swing Trader? Enter on retests of support, especially if RSI cools. Target a clean breakout above $94,500 with volume confirmation.
• Risk Lover? Leverage small with tight stop-losses, and ride momentum. But don’t get greedy — RSI is hot!
Engage:
Are you buying this dip or waiting for the next breakout? Drop your price target below — let’s see who calls the next move!
Want me to draw out key levels or update with a new chart when the next candle drops? Let me know!
