đ $BTC Short Trade Setup â Targeting $90,000 & $87,000
Bitcoin (BTC) is currently trading around $93,466, approaching a resistance zone near $94,500. This area has previously acted as a ceiling, and the price is showing signs of a potential pullback.
Trade Setup:
Entry Zone: $93,000 â $94,500
Take Profit 1 (TP1): $90,000
Take Profit 2 (TP2): $87,000
Stop-Loss: Above $95,500
If BTC fails to break above the resistance zone, a short position targeting the support levels could be favorable. Monitor for confirmation of a reversal before entering.
đ $BTC Long Trade Setup â Targeting $97,000 & $100,000
Bitcoin (BTC) has shown strong bullish momentum, recently bouncing from a low of $92,079 to its current levels. A breakout above the $94,500 resistance could signal further upside potential.
Trade Setup:
Entry Zone: On a confirmed breakout above $94,500
Take Profit 1 (TP1): $97,000
Take Profit 2 (TP2): $100,000
Stop-Loss: Below $92,000
If BTC breaks and holds above the resistance zone with increased volume, a long position targeting higher resistance levels could be favorable. Ensure to confirm the breakout before entering and manage risk appropriately.
