According to my Research;
Current BTC price: $64,987
Here's a brief technical analysis update:
Technical Indicators:
1. RSI (14): 63.21 (Neutral)
2. MACD (12, 26): Bullish crossover
3. 50-day MA: $59,443 (Support)
4. 200-day MA: $47,533 (Long-term support)
Trend:
Uptrend
Support and Resistance:
1. Support: $64,500, $63,000
2. Resistance: $66,000, $67,500
Whale Activities:
Moderate buying activity from whales in the last 2 hours.
Candlestick Patterns:
Bullish Engulfing Pattern (forming)
Market Sentiment:
Slightly bullish
Next Move Prediction (6 hours):
60% chance of uptrend
40% chance of consolidation
Trade Setup:
Long Trade Setup:
1. Entry: $65,200-$65,500
2. Stop-loss: $64,500
3. Take-profit: $66,500-$67,500
4. Risk-Reward Ratio: 1:2
Short Trade Setup:
1. Entry: $66,500-$67,000
2. Stop-loss: $67,500
3. Take-profit: $64,500-$63,000
4. Risk-Reward Ratio: 1:2
Recommendations:
1. Monitor whale activities and volume.
2. Adjust stop-loss to $65,000 if price reaches $66,500.
Caution;
Possible Btc pullback $64,300
Check now....$BTC
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