Btc price Update and One golden opportunity for make 💰 money!!!👇
BTC/USDT Analysis: New ATH Trend
Bitcoin (BTC) has hit $104,899.79, marking another leg up towards all-time highs (ATH). A strong uptrend is visible with consistent bullish momentum.
Key Observations:
1. 24H High/Low: BTC is moving near its recent high of $106,648, confirming bullish sentiment.
2. Support and Resistance Levels:
Support: $102,000 (recent breakout level).
Major Resistance: $107,500–$110,000 (psychological zones and key price points).
3. Trend: The candles reflect a higher highs, higher lows structure, signaling continuation of the uptrend unless momentum shifts.
4. Volume: Sustained volume is critical for maintaining this breakout. Watch for volume decreases as it may signal a reversal or correction.
Trade Plan:
Long Position:
Buy Zone: Retest of $102,500–$103,000 (support level after minor pullback).
Stop Loss (SL): Below $101,000 (to avoid a breakdown).
Take Profit (TP):
TP1: $107,500 (next resistance).
TP2: $110,000 (round-number psychological level).
TP3: $115,000+ (extension in case of breakout continuation).
Short Position:
Entry: Near $106,500–$107,500 (key resistance level).
Stop Loss (SL): Above $108,000 (to avoid getting trapped in a breakout).
Take Profit (TP):
TP1: $103,000 (previous support).
TP2: $100,000 (psychological support).
Prediction and Outlook:
Bullish Scenario: If BTC holds above $103,000 and breaks $107,500 with strong volume, we could see a rally to $110,000–$115,000.
Bearish Scenario: A rejection at $107,500 may lead to a retracement toward $100,000–$98,000 for liquidity.
Recommendation:
For long trades, buy on pullbacks near support.
For short trades, look for rejections near resistance. Keep a close watch on volume and momentum indicators (e.g., RSI) to confirm trends. Proper risk management is key at these levels.
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