๐ Bitcoinโs Journey to $100K? Smart Moves Ahead! ๐ฆ
The Bitcoin (BTC/USDT) market is on ๐ฅ with prices currently at $95,752.02, gaining +2.74% in the last 24 hours. Let's break down the market action and create winning Short & Long SMC entries for maximum gains! ๐ฐ
๐ Market News at a Glance
๐ Bitcoin remains strong as institutional giants like MicroStrategy continue to accumulate.
๐ก Key psychological resistance at $97,000+ is being tested, with whale activity increasing.
โ ๏ธ Watch out for profit-taking near $99,500, as this could trigger a short-term pullback.
๐ Technical Analysis
๐น Support Levels: $92,361 ๐ก๏ธ
๐น Resistance Levels: $97,208 & $99,500 ๐
๐ก Weekly candle shows strong bullish momentum, supported by higher volumes and steady buying pressure.
Moving Averages:
๐ธ MA(5): Overbought territory at $282,979 volume.
๐ธ MA(10): Support trendline forming at $219,846, indicating a healthy uptrend.
๐ฏ๏ธ Candlestick Analysis
๐ The recent bullish engulfing pattern shows sustained upward momentum.
๐ A wick rejection at $99,588 suggests a short-term pullback may occur.
๐ RSI Analysis
๐ฅ RSI at 83.69 signals overbought conditions. A retracement to $92,500-$93,000 could provide a perfect entry point for a long position.
๐ก Trading Plan: Precision Entries
๐ป Short SMC Entry
๐ฏ Entry Zone: $96,800 - $97,200
โ Stop Loss: $99,000
๐ฐ Take Profit: $93,500
๐บ Long SMC Entry
๐ฏ Entry Zone: $92,500 - $93,000
โ Stop Loss: $91,200
๐ฐ Take Profit: $97,500
๐ฆ Golden Lion's Roar: Final Insights
Bitcoin is roaring upward ๐ฆ๐, but traders should be prepared for potential retracements. Play smart and stick to precise entries, stop-losses, and take-profits. Let the Golden Lion Trading team guide you through every move!
๐ Follow Golden Lion Trading for premium insights and signals!
#GoldenLionTrading | #CryptoSignals | #BTCto100K ๐
