$BTC Market Analysis: Key Levels to Watch

🔔 Trade Setup:

Entry: Look for a breakout above $76,300 for a potential upward move, or a breakdown below $76,274 for a short opportunity.

Stop Loss (SL): If going long, set SL just below $76,274; for shorts, set SL above $76,300.

Take Profit (TP) Targets:

TP1: $77,866.84 (upside target)

TP2: $74,121.20 (downside target)

Hope you understand the setup!

Bitcoin is showing interesting price action, hovering around a critical level that could determine its next move. Here’s an in-depth look at the setup and potential trade opportunities. 👇

🔍 Key Levels

Immediate Resistance: $77,866.84

Immediate Support: $74,121.20

📌Analysis:

Currently showing a shift toward green candles, indicating early bullish momentum. Keep an eye on candle color change to confirm trend direction.

Support & Resistance Zones: BTC is trading near the middle of the range, suggesting it could either test the upper resistance or revisit the support zone at $74,121.20.

Stochastic RSI: The oscillator is hovering in the overbought region around 84, signaling a possible pullback or consolidation before any significant upward move. Watch for a cross below 80 for potential bearish momentum.

Price Action: Consolidation near $76,274 may indicate indecision in the market. A clear breakout or breakdown could provide the next direction.

👉 Final Tip: BTC is at a decisive level. If the range breaks, we could see a strong directional move. Stay patient and stick to your risk management plan! #BTC☀ #BTCanalysis