๐ฏ BTC's Next Move! ๐
๐ Trendline Breakout:
The chart shows that BTC has broken out of a descending trendline (green) and is currently trading above the red support line. This signals a potential bullish move.
๐ก๏ธ Support Level:
BTC retested the $91,530.45 level and bounced back, making it a strong support zone.
๐ฏ Next Resistance Levels:
1๏ธโฃ First Resistance: $96,857.59 ๐ฅ
2๏ธโฃ Second Resistance: $103,025.86 ๐ฅ
If bullish momentum continues, these levels could be tested.
๐ Volume Analysis:
An increase in volume indicates growing market interest, which could support the breakout.
๐ฎ Two Possible Scenarios:
1๏ธโฃ Bullish:
If BTC stays above $94,715.09, it may head toward $96,857.59 and beyond.
2๏ธโฃ Bearish:
If BTC falls back below the red trendline, it could revisit $91,530.45 or lower.
๐ Watch Closely:
Look for confirmation of support or rejection at the current levels to determine the next direction.
โก What do you think? Share your thoughts in the comments! ๐
