🚨💥 $BTC /USDT 💥🚨
The 1-day chart for BTC/USDT showcases strong bullish momentum with a clear breakout above prior resistance levels. The price has surged significantly and is currently holding near recent highs.
Current Price: 79,141.99
💡 Critical Levels to Watch:
Immediate Resistance: 81,069.99 – This level marks the 24-hour high and acts as a significant resistance. A breakout above this could signal a continuation of the bullish trend.
Key Support Level: 72,038.66 – A pullback to this zone might indicate healthy consolidation before another potential move up.
Lower Support: 61,581.33 – A breakdown to this level would signal potential bearish sentiment and could invite stronger selling pressure.
🔄 Short Trade Signal:
Entry: 78,500 (if price shows signs of a reversal)
Stop-Loss: 81,200 (protects against unexpected spikes)
Targets:
First Target: 75,500 – Short-term retracement level.
Second Target: 72,000 – Key support and potential bounce zone.
Third Target: 68,500 – Deeper correction possibility.
🚀 Long Trade Signal:
Entry: 79,300 (confirmation of sustained bullish momentum)
Stop-Loss: 77,500 (to manage downside risk)
Targets:
First Target: 81,500 – Short-term profit zone above current resistance.
Second Target: 82,495 – Approaching a new high.
Third Target: 85,000 – Major psychological and technical level.
Indicators and Key Points:
White Indicators: Mark the significant resistance and support zones.
Green Indicator: Shows potential for bullish breakout above the current resistance.
Red Indicator: Highlights caution for potential bearish reversal if the price fails to hold support levels.
⚠️ Cautionary Note:
Monitor trading volume for sustained breakouts or breakdowns and ensure proper risk management with stop-loss levels.
