Bitcoin's bullish momentum has reached a critical juncture.
Key Levels:
- Support Trendline: $76,400
- Breakout Target: $69,720 (previous resistance)
- Long-term Target: $85,000+
Entry Strategy:
- Wait for break of support trendline ($75,400)
- Confirm bearish momentum
- Short positions considered
Market Sentiment:
- Cautious, awaiting break or bounce
Technical Indicators:
- RSI: Neutral (50-60)
- MACD: Converging lines
Near-term Outlook:
- Break below $76,400 may trigger sell-off
- Bounce or consolidation possible
- Long-term uptrend intact
Recommendation:
Monitor $76,400 support trendline closely. A break may present short-term opportunities.
Key Levels:
- Support Trendline: $76,400
- Breakout Target: $69,720 (previous resistance)
- Long-term Target: $85,000+
Entry Strategy:
- Wait for break of support trendline ($75,400)
- Confirm bearish momentum
- Short positions considered
Market Sentiment:
- Cautious, awaiting break or bounce
Technical Indicators:
- RSI: Neutral (50-60)
- MACD: Converging lines
Near-term Outlook:
- Break below $76,400 may trigger sell-off
- Bounce or consolidation possible
- Long-term uptrend intact
Recommendation:
Monitor $76,400 support trendline closely. A break may present short-term opportunities.
Trade active
Candles have broken Trendline support @ 76400Heading for Next Trendline Support @ 76200
If Broken, heading for 76115 Level and I believe a small Pull back to 76350 zone.
Trade closed: target reached
Failed to break bottom Trendline @ 76350.Top resistance Trend line was broken @ 76700 area.
Very Bullish momentum. New All TimeHigh surged pass 81000!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.