🚨 $BTC /USDT TRADE ALERT – EYEING A MASSIVE MOVE! 🚨
The BTC/USDT pair on the 4-hour chart has shown strong upward momentum, reaching a current price of 84,120.00. This surge reflects a significant bullish rally, pushing close to the 24-hour high of 84,886.00. However, with BTC approaching resistance, traders should stay vigilant for any pullbacks or breakout confirmations.
Current Price: 84,120
Entry Price: 83,500 (on minor pullback for better risk management)
Critical Levels:
Resistance: 84,886 – The current high acts as the major resistance zone; a break above could propel BTC even higher.
Support: 81,911 – This level is essential for maintaining upward momentum. A dip below may signal weakening.
Take-Profit Targets:
1. Target 1: 85,355 – First profit level for short-term traders.
2. Target 2: 87,000 – Ideal for medium-term gains if the uptrend sustains.
3. Target 3: 88,500 – Aggressive target for those eyeing extended rallies.
Stop Loss: 81,500 – To manage risk if BTC shows signs of reversal.
⚠️ Caution: Monitor closely as BTC nears resistance. A breakout could lead to further highs, but failure to hold above support might prompt a pullback. Keep an eye on volume and volatility as indicators for either continued upward momentum or consolidation signals.
