#Write2Earn
This 4-hour BTC/USDT chart from Binance shows a bullish trend. The price is trading above key exponential moving averages (EMAs): EMA(7) at 94,742, EMA(25) at 94,122, and EMA(99) at 89,948, indicating strong upward momentum. The price reached a recent high of 95,758 and is consolidating around 94,935, forming a healthy base above support.
Trend Highlight: Bullish continuation after a breakout near ₹83,950 on April 20. The price has been supported consistently by the EMA(25), reflecting strong buyer interest.
Entry Point: A suitable entry would be on a minor pullback near EMA(25) at ~94,122, ensuring price remains above EMA(99), confirming support and trend strength.
Take Profit: The next psychological resistance is ~96,500, with extended targets near 98,000 if bullish volume continues.
Expert Reasoning: The steady higher lows, low selling volume, and tight consolidation suggest accumulation, not distribution. As long as EMAs don’t cross bearishly, trend strength remains valid. A break below EMA(99) would invalidate the setup.