#CoinPairBTC
⚡ BTC Breaking Out: Key Levels to Trade NOW (Spot & Futures)
BTC just reclaimed $59,000 after a 12% weekly surge! Here’s chart roadmap:
📊 Technical Setup (BTC/USDT Daily)
Descending Wedge Breakout: Bullish reversal confirmed after 2-month downtrend (purple lines).
Volume Confirmation: $25B traded in 24h – highest since June.
Critical Levels:
Support: $58,200 (EMA-100) → $56,000 (liquidity wall).
Resistance: $60,600 (June high) → $63,000 (200-DMA).
🚀 Catalysts Fueling the Move
ETF Inflows Back: $650M+ flowed into U.S. Bitcoin ETFs this week (BlackRock leading).
Short Squeeze: $120M BTC shorts liquidated in 24h (Coinglass).
Fed Pivot Hopes: Rate cut odds ↑ to 80% for September → risk assets rally.
💡 Trade Strategy
✅ Longs: Buy dips near $58.2K | Target $60.6K → $63K | Stop: $56.9K
⚠️ Short-Term Caution: RSI at 71 (overbought). Hedge with BTC-PERP funding rate checks (avoid >+0.01%/hr).
🔥 Altcoin Leverage: A break above $60.6K could trigger ETH/BTC reversal → rotate into alts.
👇 Poll: Where’s BTC headed next?
A) $63K+ 🌕
B) Range: $56K-$60K
C) Re-test $53K
Disclaimer : Trade smart. Manage risk!
DYOR , not a financial advisor
