syqueen

Today's analysis shows that Bitcoin is at a critically strong area, requiring close monitoring:

✅ Key technical points commenting on your view:

1. **Resistance ~58,000$ (Currently around 120,000$ actually)**

The 58–62 K area is considered a major resistance according to Crypto Rover.

Breaking it could open the door for further upward movement towards 68–72 K.

2. RSI indicates overbought conditions

RSI has exceeded 70 (+ above 75 according to Lookonchain), which is a warning of a potential short-term correction.

At the same time, bullish momentum is shown from the price increases of the past days +9%-12%.

3. **Moving Averages Convergence (Golden Cross)**

The 50-day crossing above the 200-day indicates a positive medium-to-long-term signal, reinforcing the positive scenario.

4. Formation of Cup-and-Handle pattern

A technical analyst (like Katie Stockton) points to a Cup-and-Handle pattern and it may reinforce bullish momentum towards a target of 134 K (~+14%).

5. Current price action

Currently, the price stands at levels ~120–122 K, indicating market vitality and a clear struggle between buyers and sellers.
#BTC120kVs125kToday #USCryptoWeek #MemecoinSentiment #StrategyBTCPurchase #ETHBreaks3k

📉 Technical Analysis: $BTC at a Critical Zone 🔥

🔸 The current price is approaching resistance at $58,000
🔸 The RSI indicator shows overbought conditions above 70, indicating a potential correction.
🔸 The 50-day moving average is crossing the 200-day (Golden Cross) = a positive signal in the medium term.

🎯 Trading Opportunities:
✅ Entry upon breaking the resistance = a chance to rise towards $61,000
❌ In case of a retracement, we might see a drop towards 54,500$ (strong support level)

📌 Reminder: This is not investment advice, just a viewpoint based on technical analysis.

What do you think? Will $BTC break the resistance or are we facing a correction soon? 👇

#write2earnon binancesquare
#BTC #Cryp toAnalysis #CryptoArabic
#DayTradingStrategy

#ArbitrageTradingStrategy

📉 Technical Analysis: $BTC at a pivotal zone 🔥

🔸 The current price is approaching resistance at $58,000
🔸 The RSI indicator shows overbought conditions above 70, indicating a potential correction.
🔸 The 50-day moving average crosses the 200-day (Golden Cross) = a positive signal in the medium term.

🎯 Trading Opportunities:
✅ Entry upon breaking resistance = upward opportunity towards $61,000
❌ In case of a pullback, we may see a drop towards 54,500$ (strong support level)

📌 Reminder: This is not investment advice, just a viewpoint based on technical analysis.

What do you think? Will $BTC break the resistance or are we facing a near correction? 👇

#write2earnonbinancesquare
#BT C #CryptoA nalysis #Crypt oArabic
#DayTradingStrategy

#SpotVSFuturesStrategy

📉 Technical Analysis: $BTC at a pivotal zone 🔥

🔸 The current price is approaching resistance at $58,000
🔸 The RSI indicator shows overbought conditions above 70, which warns of a potential correction.
🔸 The 50-day moving average crosses the 200-day moving average (Golden Cross) = a positive signal for the medium term.

🎯 Trading Opportunities:
✅ Entry upon breaking resistance = upward opportunity towards $61,000
❌ In case of a rebound, we may see a drop towards 54,500$ (strong support level)

📌 Reminder: This is not investment advice, just a perspective based on technical analysis.

What do you think? Will $BTC break the resistance or are we facing a correction soon? 👇

#write2earnonbinancesquare
#BT C #CryptoAnalysis #Crypto Arabic
#DayTradingStrategy

#BinanceTurns8
📉 Technical Analysis: $BTC at a Pivotal Area 🔥

🔸 The current price is approaching resistance at $58,000
🔸 The RSI indicator shows overbought conditions above 70, indicating a potential correction.
🔸 The 50-day moving average crosses the 200-day (Golden Cross) = a positive signal for the medium term.

🎯 Trading Opportunities:
✅ Entry upon breaking resistance = an upward opportunity towards $61,000
❌ In case of a retracement, we might see a drop towards 54,500$ (strong support level)

📌 Reminder: This is not investment advice, just an opinion based on technical analysis.

What do you think? Will $BTC break the resistance or are we facing a nearby correction? 👇

#write2earnonbinancesquare
#BTC #CryptoAn alysis #CryptoArabic
#DayTradingStrategy

#USCryptoWeek
📉 Technical Analysis: $BTC at a Critical Zone 🔥

🔸 The current price is approaching resistance at $58,000
🔸 The RSI indicator shows overbought conditions above 70, which signals a potential correction.
🔸 The 50-day moving average crosses the 200-day moving average (Golden Cross) = a positive signal in the medium term.

🎯 Trading Opportunities:
✅ Entry upon breaking resistance = a chance to rise towards $61,000
❌ In case of a rebound, we may see a drop towards 54,500$ (strong support level)

📌 Reminder: This is not investment advice, just a perspective based on technical analysis.

What do you think? Will $BTC break the resistance or are we facing a correction soon? 👇

#Cry nbinancesquare
#DayTradingStrategy C #Cry ptoAnalysis #CryptoArabic
#DayTradingStrategy

What do you think about #SpotVSFuturesStrategy ?

#BinanceTurns8
Binance is the best platform for buying and selling cryptocurrencies 😇

#BinanceTurns8
The best platform for buying and selling currencies, thank you Binance