🚀 BTC/USDT Analysis Update 🚀
Bullish or Bearish?
The BTC/USDT chart shows bullish momentum on the 4H timeframe as Bitcoin breaks above key psychological levels and trends upward with strong green candles. 🚀
Currently trading at $104,674, BTC has seen a +2.74% gain over the last 24 hours, signaling strong buying activity.
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📊 Key Levels to Watch:
Resistance: $106,648 (24h High) 🔥
A break above this could trigger another leg up towards $110,000+.
Support: $101,534 (24h Low) 📉
If BTC retraces, this level will act as the first strong buying zone.
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📈 Bullish Buying Zone:
Enter $102,500 - $104,000 if BTC pulls back.
This is a key demand zone where buyers could step in.
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🎯 Targets for Spot and Futures Trades:
1. Target 1: $106,500
2. Target 2: $110,000 (Psychological resistance)
3. Extended Target: $112,500
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🛑 Stop Loss for Risk Management:
Place SL below $101,500 to minimize downside risk.
This level coincides with recent lows and volume support.
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💡 Why Bullish?
1. Higher Highs & Higher Lows formation on the 4H chart ✅
2. Strong buying volume (look at the green spikes in SMA 9 volume). 📊
3. Market sentiment: Bulls defending key supports aggressively. 🐂
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⏳ Trade Setup Overview:
Bias: Bullish
Entry Zone: $102,500 - $104,000
Targets: $106,500 → $110,000 → $112,500
Stop Loss: $101,500
⚠️ Trade Safely: Always use proper risk management and stay updated with market news.
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🔥 Will BTC hit $110,000 next? Let me know your thoughts! 💬 Are you bullish or bearish?
#WeAreAllSatoshi #BURNGMT #BTC☀️ #TradingStrategies💼💰 #2024withBinance
