$BTC Trading Opportunity Alert!
#Bitcoin is on the move! Trading at ~$94,000, it’s consolidating in a symmetrical triangle on the hourly chart after a 10% weekly rally, backed by $35.17B in 24-hour volume. A breakout above $96,000 could spark a surge to $103,600-$110,000, per recent X posts and technicals.
Entry: Buy around $93,000-$94,500 for a strong risk-reward setup.
Stop Loss: Set at $90,000 to protect against a breakdown.
Targets: Aim for $100,000, $103,600, then $110,000 for short-term gains.
Why $BTC ?
Institutional demand is soaring, with $2.68B in US spot ETF inflows last week and long-term holders accumulating 262,000 BTC in 30 days. RSI at 63 is neutral, and the 50-day SMA ($87,400) supports the uptrend. A bullish MACD crossover hints at continued strength.
Risk:
A drop below $90,000 could test $87,400 support, especially with trade war fears impacting sentiment. Stay cautious with position sizing.
Trade smart, do your research, and ride the $BTC wave!
