$BTC has broken past $84,000 with no significant resistance until $88,000. This clear path suggests strong bullish momentum, fueled by rising volume and sustained buying pressure. If the momentum holds, the next key level to watch is $88,000, where traders may look to take profit or reassess positions. However, with RSI nearing overbought levels, some consolidation or minor pullbacks could occur, providing opportunities to re-enter on dips. Keeping an eye on volume and support around $84,000 will be crucial to confirm the continuation of this breakout rally. #BTCBreaks84k

1. Support and Resistance Levels

  • Resistance: Immediate resistance at 84,961.5.

  • Support:

    • Primary: 82,822 (MA(7)) – key support.

    • Secondary: 81,312.9 (MA(25)) – deeper support.

    • Strong: 77,933.3 (MA(99)) – long-term safety net.

2. Entry and Exit Points

  • Entry: Around 82,822, especially after a pullback with bullish patterns.

  • Exit:

    • Short-term: Near 84,900 (below resistance).

    • Long-term: 85,500+ for extended profit.

3. Trading Duration

  • Short-Term: 1-3 hours, focusing on immediate moves.

  • Swing Trade: Hold 1-2 days if above MA(7).

4. Strategy Recap

  • Trend: Bullish, backed by strong MAs and volume.

  • RSI: At 89.7, watch for overbought conditions.

  • MACD: Positive, supporting bullish momentum.

Plan with Multiple Take-Profit (TP) & Stop-Loss (SL) Levels

TP Levels:

  1. TP1: 84,500 (secure 30%).

  2. TP2: 85,500 (close 35%).

  3. TP3: 86,500+ (final 35%).

SL Levels:

  1. SL1: 82,000 (below MA(7)).

  2. SL2: 81,200 (below MA(25)).

  3. SL3: 77,500 (below MA(99)).