Currently, $BTC /USD is positioned at a critical juncture within a triangle pattern. The price has shown a rebound from the support zone around 94,900–95,000, which suggests a bullish continuation may be on the horizon.
Key Observations:
1. Bullish Scenario:
If the price holds above the 95k support and breaks out of the current triangle pattern:
Immediate target: 100,000 USD (+6.17%, 5,809 points).
This move aligns with the overall bullish momentum and signals a strong upward push.
2. Bearish Scenario:
If BTC/USD breaks below the 95k support, the triangle formation invalidates.
Next major support levels:
94,000 USD: Minimal support.
85,000–80,000 USD: A significant drop could occur to this zone, representing a deeper correction.
3. Trading Plan:
Entry Strategy: Enter long positions on confirmation of breakout above the triangle resistance.
Stop-Loss: Place stops slightly below 94,000 USD to protect against downside risks.
Risk Management: Always trade with appropriate position sizes to limit losses.
4. Technical Indicators:
The setup shows potential for a strong bullish rally, provided the support holds.
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Conclusion:
BTC/USD is at a pivotal point where the 95k support acts as a launchpad for a possible bullish breakout. Traders should closely monitor the price action for confirmation of the breakout or breakdown. Stick to proper risk man
agement strategies to navigate potential volatility.
Disclaimer:
This article is for information purpose.Do your own research before invest.
