đ¨ $BTC /USDT ON THE EDGE OF MAJOR MOVES: Critical Support & Resistance Zones for Strategic Entries! đ¨
The BTC/USDT chart on the 4-hour timeframe shows Bitcoin at $67,388.89, up by 0.16%. Currently, Bitcoin is facing consolidation between key levels, indicating either a powerful breakout or potential pullback.
đĄ Critical Levels to Watch:
⢠Resistance: $68,000 â A break above this level could trigger a run-up toward $69,500 and beyond. Momentum traders should closely monitor for a clean breakout to ride the bullish wave.
⢠Support: $66,500 â If BTC falls below this, expect a potential dip toward $65,000, where buyers might step in to defend the zone.
đ Long Entry Strategy: Enter on a confirmed breakout above $68,000, targeting $69,500 with a stop loss placed at $66,500 to minimize risk.
đť Short Entry Strategy: Enter on a rejection from $68,000 resistance, targeting $65,000, with a stop loss at $68,500 for controlled exposure.
â ď¸ Trade Wisely: Bitcoin is nearing critical levelsâvolatility could spike, making precise entry and exit points crucial for maximizing profits while managing risks!
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