Bitcoin’s looking pretty good right now, hovering around $95,100 and staying above key moving averages. But let’s talk clearly: the market’s bullish, sure, but don’t go all-in just yet.
Quick Numbers:
• Price Now: ~$95,100
• Support Levels: $92,800–$93,600
• Resistance Levels: $95,800–$96,800
What’s Happening?
4-Hour Chart:
$BTC is chilling just below $95,800 resistance. RSI’s decent at 68, so there’s room to climb—but slowing volume means be cautious. Watch for volume spikes as hints of what’s next.
Daily Chart:
Heads up—RSI at 88 screams “overbought.” A brief pullback could happen soon. No worries though, a little retrace might set us up for an even stronger climb.
Weekly Chart:
Long-term picture? Looks good. BTC bounced off solid support around $82,000 and has room to keep rising. If things stay steady, a run to $100K could definitely be on the cards.
Trade Ideas (Simple & Quick):
Long (Buying Dips):
• Entry near $94,500–$94,800
• Profit targets: $96,200 → $97,500
• Safe stop-loss: around $92,800
Short (Risky Play):
Only consider if BTC strongly rejects near $95,800 with big volume.
Bottom Line:
BTC looks bullish but slightly overheated short-term. Grab profits if you’re up, and watch for a nice entry on dips if you’re waiting to jump in. $100K could be closer than you think—just play it smart!
Happy trading, everyone!
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Friendly Reminder:
This is not financial advice—always do your own homework and manage your risks carefully.