Current Setup:
Bitcoin has been trending upwards, reaching a recent 24-hour high of 71,632.95 USDT. Immediate resistance is at 70,515.16 USDT, and breaking this level could drive further gains.
Entry Point:
Consider entering a long position around 69,650 USDT—slightly below the current price—to take advantage of a potential move up to the resistance level.
Take Profit Targets (TP):
TP1: 70,000 USDT
TP2: 70,400 USDT
TP3: 70,800 USDT
These targets allow for incremental profit-taking if BTC continues to climb.
Support and Stop-Loss (SL):
Nearest support is at 68,820.14 USDT. A stop-loss at 68,700 USDT is suggested to protect against a downside move.
Indicators Insight:
The RSI is around 65.82, showing bullish momentum but nearing overbought levels, so caution is advised. The MACD remains positive, signaling continued upward momentum. Monitor BTC’s movement near the 70,515.16 USDT resistance—if it breaks, further gains may follow, while a rejection could signal a pullback or consolidation.#CryptoAMA #CryptoPreUSElection #29thBNBBurn $BNB
