It seems that the price of $BTC is strong - a breakout may happen soon ๐๐ฅ
๐ Current price: $110,302.
The price of Bitcoin is rising again after bouncing near $100,000. The chart still shows a strong upward trend.
๐ธ Support zone at $99,763 - $102,044:
This is a strong support area. If the price of Bitcoin drops again, it is a good buying point. Many traders already have buy orders in this area.
๐ธ Breakout level at $110,324:
If the price of Bitcoin exceeds $110,324 and stays above it, it may quickly rise to $115,000 or even $120,000. This will complete the "cup and handle" pattern.
๐ธ Target:
โ First target: $115,000
โ Second target: $120,000
๐ธ Risk level:
If the price of Bitcoin drops below $99,000, the upward trend may have ended.
๐ธ Important event:
The inflation report will be released on June 11. This could lead to sudden price movements. Be prepared for fake drops or quick jumps.
๐ธ What to do:
If the price exceeds $110,324, look to buy at $115,000 or $120,000.
If the price drops to $99,000 or $100,000, that is a good level to buy again.
If it drops below $99,000, be cautious, as the trend may change.
$BTC #Binance #bnb #crypto