Bitcoin
Short
Updated

BTCUSD:Watching $76,400 support trendline break. Potential short

81
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.


Trade active
Candles have broken Trendline support @ 76400
Heading 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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