Technical Analysis: Eyeing Key Levels đđŻ
Bitcoin ($BTC) is showing a strong bullish sentiment, with an upward push after bouncing back from $63k. Here's what to watch for:
1ïžâŁ Target 1 - $64,000: The first critical resistance level. If $BTC breaks through this, it could signal the beginning of stronger momentum.
2ïžâŁ Target 2 - $64,500: A continuation above $64,000 points to $64,500, a level where profit-taking might occur. Keep your eye on volume for signs of strength.
3ïžâŁ Target 3 - $66,000: Reaching this point would solidify Bitcoin's bullish stance, potentially opening doors for even higher targets. Watch for consolidation or potential reversal here.
Strategy: A break above $64,000 with strong volume suggests a solid long opportunity. Set a stop loss just below recent lows to manage risk effectively.
Engage with the trend, and remember to trade with caution!#BinanceBlockchainWeek #BinanceLaunchpoolHMSTR #BTCReboundsAfterFOMC #NeiroOnBinance #SpotGoldATH
