Bitcoin (BTC) is currently trading at 66,352.01 USDT, slightly down by 0.60% in the past 24 hours.
Analysis:
* Price is above the 20, 7, 25, and 99 EMA, indicating a bullish trend.
* MACD is positive and above the signal line, suggesting continued upward momentum.
* Bollinger Bands are expanding, signifying increasing volatility.
* SAR indicator is below the price, reinforcing the bullish trend.
Trading Strategies:
* Buy: Consider entering long positions on pullbacks to the 64,584.62 (MA 99) support level.
* Sell: Consider taking profits near the 70,967.14 (Bollinger Band upper limit) resistance level.
* Stop-loss: Set stop-losses below the 64,192.87 (SAR) level for long positions.
Next Resistance and Support:
* Resistance: 70,079.99 (previous high), 70,967.14 (Bollinger Band upper limit).
* Support: 64,584.62 (MA 99), 64,192.87 (SAR).
Important Note: This is a technical analysis based on the current snapshot of the market.
