The $BTC /USDT pair is currently in a strong uptrend, with the price having surged significantly over the past 24 hours. The current price stands at $84,799.99, representing a 5.60% gain.

Support and Resistance

Support: The immediate support level is located at $78,473.13. If the price retraces, this level could provide buying opportunities.

Resistance: The next resistance level is at $84,886.00. If the bullish momentum continues, the price may attempt to break through this level.

Entry Signal

Based on the current chart pattern, a potential entry signal could be generated if the price retraces to the $78,473.13 support level and then bounces back up, confirming a bullish reversal. A stop-loss order could be placed below the support level to manage risk.

Additional Considerations

Volume: The 24-hour trading volume for BTC is 68,294.47, which is relatively high, indicating strong buying interest.

Bollinger Bands: The Bollinger Bands are currently expanding, suggesting increased volatility. However, the price is above the middle band, indicating a bullish trend.

Conclusion

The BTC/USDT pair is currently in a strong uptrend. Traders may consider buying on a potential dip to the $78,473.13 support level, with a stop-loss order placed below that level. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Therefore, it is crucial to conduct thorough research and consider your own risk tolerance before making any trading decisions.#BTCBreaks84k #HaveYouBinanced #AltCoinRush #DogecoinPriceSurge #Write2Earn!