🚀 Bitcoin (BTC) Update: Final Dip or Rocket Fuel? 🚀
Friends, Bitcoin is currently at a very important turning point. The market has shown some fluctuations in recent days, but is it time to panic or a great opportunity? Let's take a look at the technical analysis:
📉 Current Situation (Technical Analysis):
Price Action: Bitcoin is currently testing its key support zones. If the price stabilizes between $82,000 - $85,000, we could see a significant bounce back.
Resistance: The next major resistance is at $94,300 and then at $105,800. If BTC closes a daily candle above $106,000, a new All-Time High is not far away!
RSI Factor: The RSI is near the oversold zone, which means that bears are getting tired and bulls can enter at any time.
💡 Important News (Breaking News):
Binance has recently announced the transfer of its SAFU Fund into Bitcoin, which will provide long-term confidence and liquidity in the market.
📝 My Strategy (Trading Plan):
Spot Buyers: Use this dip to gradually accumulate (DCA).
Future Traders: Exercise caution until the resistance at $94,000 is broken.
Stop Loss: Always use a stop loss in your trade as the market is highly volatile.
What do you think? Will BTC move towards $120,000 from here or will it drop further? Let me know in the comments below! 👇
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