Market Analysis: The Bulls are Back!
$BTC /USDT is showing strong upward momentum, currently trading at $89,398. After a sharp dip to the $86,074 support level, the price has recovered impressively on the 4H timeframe. 📈
Key Technical Insights 🔍
Bullish Momentum: The recent green candles indicate strong buying pressure. ✅
Resistance Level: The immediate target is $91,224. A breakout above this could lead to new highs. 🎯
Indicators: * StochRSI (97.16): Reaching the overbought zone, suggesting a potential minor consolidation before the next leg up. ⚠️
Recovery: The price is trending well above the recent local bottom. 💪
Trade Setup ⚡
Entry Zone: $88,800 - $89,200 📥
Take Profit 1: $90,500 💰
Take Profit 2: $91,200 💎
Stop Loss: $87,400 🛡️
Analyst: Ahmed ✍️
