$BTC 1 Hr Technical Analysisโผ๏ธ
Current Price: $95,303.59 ๐
๐ฏ Key Levels to Watch:
โข Resistance: $97,233 โ $98,967 โ $99,000
โข Support: $96,328 (strong buying zone)
โข Ultimate Target: $101,000 ๐ฏ
๐ Technical Analysis:
We're seeing a falling wedge pattern breaking upward - this is typically a bullish signal. Think of it as a coiled spring ready to release upward energy. The market has been consolidating, and this pattern often precedes significant moves.
๐ข What's Next?
If BTC breaks above $97,233 with strong volume, we could see a quick run to $99K. This psychological level will be crucial - breaking it could trigger FOMO and push us toward $101K.
โ ๏ธ Risk Management:
โข Consider entries near support ($96,328)
โข Keep stops below support
โข Don't FOMO - wait for clear breakout confirmation
๐ก Strategy Tips:
1. Watch volume on breakouts - high volume confirms trend
2. Scale in rather than all-in
3. Be patient - good setups come to those who wait
๐ Market Context:
Market showing strength but stay alert for macro news (inflation, regulations). Current stability is promising but always manage your risk!
Stay tuned for updates! ๐