💥 Emergency update on Bitcoin ($BTC)
🚀 Movement summary:
Bitcoin broke the downward trend line and rose above the 200-day moving average (200 SMA) — a positive golden crossover signal ✅.
The price gap between $74,000 and $90,000 has been fully filled, indicating strong interest from buyers.
Price movement is turning into a short and medium-term upward trend.
💰 Trading plan:
Buying: It is preferable to wait until the price pulls back near the $90,000 level to buy.
Price targets:
Goal 1: $100,000 (approximately +10% from the current price).
Second target (optional): $108,000 if the upward momentum continues.
Stop loss: If the price breaks below $75,000 support, it is recommended to exit or reassess.
📈 Trend outlook:
Short-term trend: Strong upward movement with buyers in control ✅
Medium-term trend: Positive momentum is increasing ✅
Long-term trend: Still relatively bearish ❌, but recovery indicators have started to appear.
💥 Momentum analysis:
MACD indicator shows upward movement with a positive crossover, although momentum bars have started to slightly shrink, indicating a relative slowdown in buying strength.
Relative Strength Index (RSI) is in the neutral zone (30–70), indicating that the price is not in overbought or oversold conditions.
🛡️ Key support and resistance levels:
Main support:
$75,000: Initial support that should be closely monitored.
$60,000: Stronger support in case of a deep correction.
Expected resistance:
$100,000: First resistance level and main target.
$108,000: Next resistance if $100,000 is breached.
📝 Final summary for traders:
Short and medium-term trends support buying opportunities.
Best entry opportunities appear during organized pullbacks near $90,000.
Using a smart stop loss below $75,000 is essential for risk management.
Surpassing $100,000 may open the door for an additional upward wave towards $108,000 and beyond.
🌟 Final advice:
> Patience and discipline are the keys to success!
Do not chase high prices. Wait for clear entry signals during pullbacks.
Invest wisely and do not neglect capital management.
