💥 Emergency Update #BTC 💥
🚀 Trading Idea: $BTC C 'Price has broken above
🔻the downtrend line and returned through📈
200 S
MA (Golden Cross)!✅ Also, the large price gap between $74,000 and $90,000 (after the US elections) has been completely filled — indicating strong interest from buyers!
💰Plan: Look to buy if the price retests near $90,000, with a target to reach $100,000 (+10% increase).
📚Pattern (What’s happening?):
✨Resistance Breakout → When the price breaks above resistance, it means📈 that buyers are stronger than sellers.
⚡After breaking resistance, the price often moves toward the next resistance level — which is now $100,000.
📊Trend Overview:
📈Short-term Trend: Strong Uptrend
✅(Buyers are in the lead!)
📈Medium-term Trend: Uptrend
✅(Momentum is increasing)
🔻Long-term Trend: Still bearish
❌(But signs of recovery are showing)
💥Momentum Update:
🟢MACD Indicator Bullish — MACD line above the signal line (Good News!)
but📉 the chart bars are shrinking, indicating that momentum is slowing down a bit.
⚖️ RSI (Relative Strength Index) Neutral — the price is neither overbought nor oversold (safe zone between 30–70).
🛡️Support and Resistance Levels:
Support Areas:
🛑$75,000 — The first place to watch if the price drops.
🛑$60,000 — Stronger backup support if things worsen.
Resistance Areas:
🎯$100,000 — Price target