$BTC /USDT Technical Analysis and Trade Signal🚀🚀👍💥💯🚀🚀

Current Price: $104,621.70 (+2.17%)

Technical Overview

1. Support Levels:

$101,534.00 (Key 24h low support zone)

$98,500.00 (Critical support, last breakout level)

2. Resistance Levels:

$106,648.00 (24h high, immediate resistance)

$108,200.00 (Fibonacci 0.618 resistance)

3. Indicators:

RSI: 68 (Approaching overbought zone but still bullish)

MACD: Positive crossover with strong upward momentum.

Moving Averages: Price trading above 50 EMA and 200 EMA, signaling a bullish trend.

Trade Signal

Trend: Bullish Momentum 🚀

Entry Point: $104,500 - $104,700

🎯 Target Levels:

1. Target 1: $106,600 (Immediate resistance, take partial profit)

2. Target 2: $108,000 (Next key level based on Fibonacci retracement)

3. Target 3: $110,500 (Major breakout level for further bullish momentum)

Stop Loss:

Place a stop-loss at $101,500 to minimize risk.

Momentum Analysis:

BTC has strong bullish momentum, supported by increasing volume and a positive breakout above $104,000.

Watch out for potential pullbacks near $103,000 as a re-entry opportunity.

Risk/Reward Ratio:

Favorable at 1:3.

#MarketNewHype #ETHHits4KAgain #BTCNewATH #MicroStrategyJoinsNasdaq100