๐จ Bitcoin ($BTC ) Price Analysis ๐จ
BUY / SELL
Exchange: Binance
Pair: BTC/USDT
Signal Type: Technical + Sentiment
Time Frame: 1 Day
Leverage: 5x (for risk-managed traders)
Entry Price: $66,800
Take Profits: $68,500 / $70,000 / $72,300
Stop Loss: $64,950
๐ Market Outlook:
๐ธShort-Term: Bullish โ RSI recovered above 50, showing buying pressure. Funding rates on Binance are neutral, suggesting market stability.
๐ธMid-Term: Neutral-Bullish โ Accumulation zone between $65Kโ$67K. On-chain data shows wallets holding 1โ10 BTC increasing.
๐ธLong-Term: Bullish โ Institutional inflows (BlackRock ETF net positive), miner reserve levels decreasing (bullish signal), and U.S. rate pause from FOMC boosting sentiment.
โ ๏ธ Bearish Risks:
Breakdown below $64,500 may flip momentum bearish.
Macroeconomic news or Mt. Gox repayments could trigger sell-offs.
๐ Why Bullish Bias?
BTC is forming a classic ascending triangle pattern. If the $68,000 resistance is broken with volume, we could see a sharp rally. Glassnode data shows over 72% of BTC supply remains unmoved for 6+ months โ a clear sign of HODLing strength.
๐ Eyes on $72K this month if momentum holds!
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