$BTC cruising around 85250, playing it cool just under a resistance level. MACD showing some bullish vibes but market's closed, so let's plan for the open!
Trading Plan:
Entry Point: 85298 (Break of that tiny resistance!)
Stop Loss: 85129 (Just below the recent swing high support level)
Targets: 85467 (First take profit, ride the momentum!), 86448 (Aiming for the big swing high!)
Price action hints at a potential continuation of the bullish trend if we see a solid break and hold above 85298.
⚠️ Trading decisions are your responsibility! #BTC
Based on current data, $BTC is fluctuating around 84,765.0 on the 1-hour (H1) chart. The RSI is at 54.1, indicating neither overbought nor oversold conditions. The MACD shows 241.2216, which is positive, suggesting that bullish momentum is still present. However, its signal line (377.3886) is above the MACD, which might indicate a potential weakening of the trend.
Key Levels: * Resistance: Considering the H1 Swing Highs, the first major resistance is around 86,055.20. * Support: The nearest support can be found at the H1 Swing Lows, around 81,253.60. * Pivot: The EMA100 (82,423.65) on the H1 timeframe could act as a pivot level, where price might react.
Safest Approach: Given the current market conditions (weekend closure) and indicators, the safest move is to wait for the market to reopen and then observe price reactions to support/resistance levels before making any decisions.
Golden Tips: * The current price is above the EMA100 (H1), which is a positive sign, but lower timeframe confirmations would add more confidence. * The price gap (84,320.90 – 84,459.60) on the M1 chart could act as short-term support.
Summary: BTCUSD is in a bit of a choppy zone right now! It’s best to wait and see how the market reacts after reopening. Don’t rush—trade cautiously!
In the next 5 hours trump will announce thr tarrif. stok, commodity will decline, also $BTC , keep on eyes until before announcement and change long with short
After reject from support 83535, expect $BTC will rebound to 87890. alternative if seller push downward again passing 83535 it will move downward to 82000 region