🚨 $BTC technical analysis 🚨
Bitcoin ($BTC ) maintains its bullish momentum, as previously anticipated.The current price sits at $65,694, representing a 3.26% daily increase.Recent price fluctuations ranged from a high of $66,128.63 to a low of $62,373.24 within the past 24 hours
📢 Trading Strategies:
🟢Long Positions: Entering near the 7-day moving average of $64,741.61 could offer an attractive entry point, with a potential target of $66,128.63 (recent high) or potentially higher levels.
🔴Short Positions: A short-term trading opportunity may exist by entering near the 24-hour high of $66,128.63 and targeting the 25-day moving average of $62,030.64, anticipating a potential price correction
⚠️Market Dynamics:
High trading volume of 41,993.09 BTC indicates strong market activity.It is crucial to monitor price action and order book depth to manage risk effectively
⚠️ Considerations:
While the current trend is bullish, historical data suggests a potential price pullback within the month to fill the dump gap