$BTC
$/USDT Technical Analysis and Trade Signals
Current Price: $89,041.89
BTC is trading near the upper Bollinger Band ($89,594.41), indicating strong upward momentum but nearing overbought levels.
SAR Support Level: $88,051.91 suggests the bullish momentum is intact unless price falls below this level.
Trade Momentum:
Bullish (Price above SAR and close to the Bollinger Band's upper boundary).
A break above $89,594.41 could signal further upward movement, while a breakdown below $88,051.91 may shift momentum to bearish.
---
Trade Signals:
1. Buy Entry: If BTC maintains above $89,000 with increasing volume.
2. Stop Loss: $87,600 (below SAR and Bollinger Lower Band).
3. Target Levels:
šÆ Target 1: $89,800 (near resistance at Bollinger Upper Band).
šÆ Target 2: $90,500 (psychological resistance level).
šÆ Target 3: $91,400 (potential breakout level and next Fibonacci resistance).
4. Sell Entry: If BTC drops below $87,600 with high volume.
#Binance240MUsers #MemecoinWars #BTCBreaks93k #HaveYouBinanced #BBCeDeFi @BounceBit