🚀 Bitcoin’s Journey to $100K? Smart Moves Ahead! 🦁
The Bitcoin (BTC/USDT) market is on 🔥 with prices currently at $95,752.02, gaining +2.74% in the last 24 hours. Let's break down the market action and create winning Short & Long SMC entries for maximum gains! 💰
🌍 Market News at a Glance
📈 Bitcoin remains strong as institutional giants like MicroStrategy continue to accumulate.
💡 Key psychological resistance at $97,000+ is being tested, with whale activity increasing.
⚠️ Watch out for profit-taking near $99,500, as this could trigger a short-term pullback.
📊 Technical Analysis
🔹 Support Levels: $92,361 🛡️
🔹 Resistance Levels: $97,208 & $99,500 🛑
💡 Weekly candle shows strong bullish momentum, supported by higher volumes and steady buying pressure.
Moving Averages:
🔸 MA(5): Overbought territory at $282,979 volume.
🔸 MA(10): Support trendline forming at $219,846, indicating a healthy uptrend.
🕯️ Candlestick Analysis
📌 The recent bullish engulfing pattern shows sustained upward momentum.
📉 A wick rejection at $99,588 suggests a short-term pullback may occur.
📈 RSI Analysis
🔥 RSI at 83.69 signals overbought conditions. A retracement to $92,500-$93,000 could provide a perfect entry point for a long position.
💡 Trading Plan: Precision Entries
🔻 Short SMC Entry
🎯 Entry Zone: $96,800 - $97,200
⛔ Stop Loss: $99,000
💰 Take Profit: $93,500
🔺 Long SMC Entry
🎯 Entry Zone: $92,500 - $93,000
⛔ Stop Loss: $91,200
💰 Take Profit: $97,500
🦁 Golden Lion's Roar: Final Insights
Bitcoin is roaring upward 🦁🚀, but traders should be prepared for potential retracements. Play smart and stick to precise entries, stop-losses, and take-profits. Let the Golden Lion Trading team guide you through every move!
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