๐ Bitcoin ($BTC /USDT) Short-Term Trade Analysis
Bitcoin is showing strong momentum in the past 24 hours, currently trading at $81,974.01 (+3.37%). Hereโs a breakdown of key technical indicators and possible targets for short trades:
24H High: $82,380.94
24H Low: $78,473.13
Current Resistance: $82,380.94
Support Level: $78,473.13
Indicators:
MACD shows bullish crossover, indicating momentum.
RSI is near overbought territory, suggesting potential resistance ahead.
Moving Averages (MA, EMA) signal short-term uptrend support, but volatility remains.
Target Levels:
1. Target 1: $82,000 (cautious exit around resistance)
2. Target 2: $83,500 (extension above resistance)
3. Target 3: $85,000 (upper target for breakout confirmation)
โณ Strategy: Monitor closely for any pullback to key support levels before initiating entries. As volatility remains high, consider using stop-loss protection around support to minimize risk.
๐ Market Outlook: Short-term uptrend but with caution as BTC approaches resistance zones. Keep an eye on trading volume and trend reversals.
