đ„ Emergency Update #BTC đ„
đ Trade Idea : $BTC 'Price has broken above the
đ»downtrend line AND crossed back over theđ
200 SMA (Golden Cross)!â
Also, the big price gap between $74K and $90K (after US elections) has been completely filled â showing strong buyer interest!
đ°Plan: Look to buy if price retests near $90K, aiming for a move to $100K (+10% upside).
đPattern (Whatâs happening?):
âšResistance Breakout â When price breaks above a resistance, it meansđ buyers are stronger than sellers.
âĄAfter breaking resistance, price often moves toward the next resistance level â which is now $100K.
đTrend Overview:
đShort-term Trend: Strong Up
â
(buyers are leading!)
đMedium-term Trend: Up
â
(momentum picking up)
đ»Long-term Trend: Still Down
â(but signs of recovery are showing)
đ„Momentum Update:
đąMACD Indicator is bullish â the MACD Line is above the Signal Line (good news!)
butđ the Histogram bars are getting smaller, meaning momentum is slowing down a bit.
âïž RSI (Relative Strength Index) is neutral â price is not overbought and not oversold (safe zone between 30â70).
đĄïžSupport and Resistance Levels:
Support Zones:
đ$75,000 â first place to watch if price dips.
đ$60,000 â stronger backup support if things get messy.
Resistance Zones:
đŻ$100,000 â immediate price target!
đŻ$108,000 â next big resistance if $100K breaks!
đSummary for Traders:
đPrice action is turning bullish with strong buying pressure.
đBuy opportunities on pullbacks near $90K.
đTarget 1: $100KđŻ
đTarget 2 (bonus): $108KđŻ
đStop Loss idea: If price falls below $75K, be cautious or exit
đFinal Tip:
Patience is key! Wait for a good retest near $90K â donât chase high prices.đ
Risk small, aim smart!đŻ