$BTC /USDT 15-minute chart, with the current price at 69,676.07 USDT, here’s an actionable trading signal:
Current Setup:
BTC has been trending upwards, reaching a 24-hour high of 71,632.95 USDT. The immediate resistance to watch is around 70,515.16 USDT, a level that could trigger further upside if broken.
Entry Point:
Consider entering a long position around 69,650 USDT to position just below the current price, aiming to capture an upward move towards the resistance level.
Targets (TP):
TP1: 70,000 USDT
TP2: 70,400 USDT
TP3: 70,800 USDT
These targets are set to capture potential gains incrementally if the price continues to rise.
Support and Stop-Loss (SL): The nearest support level is at 68,820.14 USDT. To manage risk, a stop-loss at 68,700 USDT is suggested, safeguarding against a downside move.
Indicators Insight: The RSI is at approximately 65.82, indicating bullish momentum but close to overbought territory, signaling potential caution. The MACD is in positive territory, showing ongoing upward momentum. Traders should monitor BTC’s movement near the 70,515.16 USDT resistance, as a breakout could confirm further gains, while rejection may lead to consolidation or a slight pullback.
#Therapydogcoin #CryptoAMA #16thBTCWhitePaperAnniv #USNFPCooldown