š„ $BTC Crucial Crossroads: Poised for a Breakout or Testing Support?
GM traders! š§ $BTC is currently coiling after a significant run, holding above key moving average supports. Market whispers suggest fresh institutional eyes are on the prize, but profit-taking pressure is also in the air. Keep an eye on volume for confirmation of the next move!
š Trading Outlook:
š Potential Long: A solid break and hourly close above the 108,500 USDT resistance could signal continuation. Targeting 112,000 - 115,000 USDT. Spot or very low leverage (2-3x) advised due to potential volatility.
š Short Setup: A loss of the 103,000 USDT support, especially on increased volume, might see us revisit the 98,000 - 100,000 USDT zone. Consider this for a nimble short, perhaps with cautious leverage (3-5x) and tight stops.
Always manage your risk!
NFA/DYOR.
#BTC #CryptoTrading #BullishOnChain
