šØ $BTC /USDT ALERT ON THE 4-HOUR CHART šØ
Overview:
BTC/USDT has demonstrated strong bullish momentum, rising 10.74% over the past 24 hours. Currently trading at 89,642.01, it has recently tested a high of 89,800.00. Bitcoin is at a significant threshold, and traders should stay alert for potential continuation or correction.
Current Price: 89,642.01
Entry Price for Long Position: Around 89,650 (for a breakout above resistance or upon pullback confirmation)
š” Critical Levels to Watch: š”
Resistance Levels:
First Target: 89,800.00 ā Immediate resistance; breaking this level could open the door to higher gains.
Second Target: 92,000.00 ā A psychological resistance that might attract further bullish attention.
Third Target: 95,000.00 ā A potential rally point if momentum remains strong.
Support Levels:
Key Support: 85,270.00 ā Immediate support; holding above this could signal continued strength.
Secondary Support: 80,000.00 ā A deeper support zone, crucial for maintaining the bullish trend.
Take-Profit Targets:
1. 89,800.00
2. 92,000.00
3. 95,000.00
Stop Loss Level: 85,270.00
ā ļø Cautionary Note:
BTC/USDT is trading near critical highs. Watch for a potential breakout above 89,800.00 for further upside, but be cautious of any rejection at this level. A drop below 85,270.00 could trigger a larger pullback. With high volatility in play, manage risks appropriately and be mindful of sudden price shifts.
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