💵Coin - #BONK/USDT 📈 LONG ➡️ ENTRY - 17020 , 16300 ⚔️ | Crypto Sat on Binance Square

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Bullish

💵Coin -  #BONK/USDT
📈 LONG
➡️ ENTRY - 17020 , 16300
⚔️ LEVERAGE - 10x
💥 TARGETS - 17280 , 17500 , 17900 , 18400 , 19000 , 21000
🔖 STOPLOSS - 15530
$BONK 

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$Bitcoin (#BTC) Daily Analysis: A Potential Dip Ahead ? 😑 * Current Price: ~$75,870 * Resistance: ~$77,200 * Support: ~$75,000, ~$72,000 Key Observations: * Short-Term Bullish Momentum: The recent price action has shown short-term bullish momentum, with the price trading above the 7-day and 25-day Moving Averages (MAs). * Longer-Term Resistance: However, the price is still below the 99-day and 200-day MAs, indicating a longer-term bearish bias. * RSI: The Relative Strength Index (RSI) suggests the market is neither overbought nor oversold, but the decreasing RSI values might signal weakening momentum. * Volume: High trading volume indicates increased volatility and potential for rapid price swings. Potential Scenarios: * Resistance Test: If the price approaches the $77,200 resistance level, it might face selling pressure, potentially leading to a pullback towards the $75,000 support level. * Breaking Resistance: A decisive break above $77,200 with strong volume could signal a continuation of the bullish trend, potentially leading to 80K 💥 * Losing Support: If the price breaks below $75,000, the next significant support level is around $72,000. Conclusion: While the short-term trend for $BTC appears bullish, the longer-term picture remains uncertain. The potential for a pullback towards the $75,000 or even $72,000 support levels cannot be ruled out. As always, it's crucial to monitor price action, volume, and broader market sentiment for timely adjustments to your trading strategy.

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