Bitcoin Sell Opportunity : Key Levels to Watch
#BTCUSD #BlackRock #BTC☀ #Write2Earn!
Bitcoin (BTCUSD) has continued its impressive rally, breaching the **$90,000** mark for the first time, marking a **30% increase** since Election Day and a **121% year-to-date (YTD)** gain. This surge in Bitcoin's value has drawn attention from institutional investors, with **BlackRock's Bitcoin ETF** surpassing its Gold ETF holdings, signaling a shift towards digital gold.
- Current Price : **$90,000**
- Sell Entry : **$89,400**
- Target Prices (TP) :
- TP1 : **$89,300**
- TP2 : **$89,200**
- TP3 : **$89,100**
- TP4 : **$87,400**
- Stop-Loss (SL) : **$91,400**
Bitcoin's growing institutional adoption is helping reduce volatility, but the market sentiment now leans towards **greed**. As the rally slows down, a **correction** may be imminent, making it a strategic moment for traders to **sell** at these levels.
Conclusion and Advice :
The market shows signs of overextension, and with the greed-driven surge, a pullback seems likely. It’s prudent to enter **short positions** at **$89,400**, with target prices ranging from **$89,300 to $87,400**. Keep a close watch on the **$91,400** level as the stop-loss point. This move carries risks, so ensure proper risk management and avoid heavy exposure.
Disclaimer : This is not financial advice.
