๐ #BTC/USDT๐ฅ Trade Setup:
Bullish Momentum Persists! ๐
๐ Uptrend remains robust! After an initial attempt to breach the $69K-$70K ATH resistance, Bitcoin faced rejection, pulling back to $59K. Anticipate a consolidation phase before potential resumption of the uptrend.
๐ Trend: Uptrend (ST, MT, LT)
๐ Momentum: Bullish but showing signs of inflection. MACD Line > Signal Line, RSI > 55. Watch for potential weakening with declining MACD Histogram bars.
๐ Supp/Res: $56K-$59K (Support), $69K-$70K (Resistance), $50K (Critical Support), $79K (Next Target)
๐จ Set alerts & manage risk!
๐ฏ Buy Signal: Near $60K support (Swing trade entry)
๐ฏ Sell Targets: $70K (Continuation), $79K
๐ Stop Loss: Below $56K
Stay vigilant! ๐ #TrendingTopic #Bitcoin #BTC.๐. #cryptotradingpro $BTC