The asset’s uptrend is strong but overextended. Prioritize pullback entries with tight risk controls. Monitor Open Interest and order book liquidity for trend validation. A breakout trade offers higher reward but requires stricter volume confirmation.
Final Signal
BUY at 0.0253 (EMA9) with
SL: 0.0272,
TP: 0.0300(3:1 R/R).
OR BUY on breakout above 0.02885
with SL: 0.0280, TP: 0.0310 (2:1 R/R).
Note: Stay alert to RSI divergence and sudden OI drops, which may signal trend exhaustion.
$BTC Bitcoin Breakthrough or Bull Market Trap? The Huge Risks Behind $83,000 Bitcoin recently broke through the $74,000 barrier and is currently stable at $83,200, with a 24-hour increase of 3.4%. Why Did Bitcoin Suddenly Surge? Buying the Dip: Below $75,000 is seen as a golden buying point. Technical Rebound: Prices have strongly rebounded from support levels, showing bullish signals. How Do We See Future Trends? Key Point: $86,500: If Bitcoin does not break through this level, a significant pullback could occur, dropping to $70,000. Breakthrough $86,500? Then we might welcome a new historical high. What Do You Think?