$BTC

Current Setup:

Bitcoin has been trending upwards, reaching a recent 24-hour high of 71,632.95 USDT. Immediate resistance is at 70,515.16 USDT, and breaking this level could drive further gains.

Entry Point:

Consider entering a long position around 69,650 USDTā€”slightly below the current priceā€”to take advantage of a potential move up to the resistance level.

Take Profit Targets (TP):

TP1: 70,000 USDT

TP2: 70,400 USDT

TP3: 70,800 USDT

These targets allow for incremental profit-taking if BTC continues to climb.

Support and Stop-Loss (SL):

Nearest support is at 68,820.14 USDT. A stop-loss at 68,700 USDT is suggested to protect against a downside move.

Indicators Insight:

The RSI is around 65.82, showing bullish momentum but nearing overbought levels, so caution is advised. The MACD remains positive, signaling continued upward momentum. Monitor BTCā€™s movement near the 70,515.16 USDT resistanceā€”if it breaks, further gains may follow, while a rejection could signal a pullback or consolidation.#CryptoAMA #CryptoPreUSElection #29thBNBBurn $BNB