Market Overview:
Bitcoin is trading at $84,185, showing a +1.63% increase. The price action suggests a potential breakout towards the upside.
🔹 Chart Structure:
BTC has been consolidating in a range-bound structure after a sharp upward move.
Previous rising wedge patterns led to corrections, but the price is holding key support levels.
A breakout setup is forming with a target towards $88,500 – $90,000.
🔹 Key Levels to Watch:
✅ Resistance: $85,249, $86,934, $88,500, $90,000
✅ Support: $82,000, $81,400
🔹 Potential Trade Setup:
📈 Bullish Scenario:
If BTC holds above $84,000, a push towards $86,500 – $88,500 is likely.
A breakout above $88,500 could lead to $90,000+.
📉 Bearish Scenario:
If BTC rejects $85,000, a pullback to $82,000 – $81,400 may occur before another move up.
🔹 Conclusion:
Bias: Bullish above $84,000
Target: $88,500 – $90,000
Invalidation: Below $81,400
Would you like a more detailed trade plan with stop-loss and entry points? 🚀
Bitcoin is trading at $84,185, showing a +1.63% increase. The price action suggests a potential breakout towards the upside.
🔹 Chart Structure:
BTC has been consolidating in a range-bound structure after a sharp upward move.
Previous rising wedge patterns led to corrections, but the price is holding key support levels.
A breakout setup is forming with a target towards $88,500 – $90,000.
🔹 Key Levels to Watch:
✅ Resistance: $85,249, $86,934, $88,500, $90,000
✅ Support: $82,000, $81,400
🔹 Potential Trade Setup:
📈 Bullish Scenario:
If BTC holds above $84,000, a push towards $86,500 – $88,500 is likely.
A breakout above $88,500 could lead to $90,000+.
📉 Bearish Scenario:
If BTC rejects $85,000, a pullback to $82,000 – $81,400 may occur before another move up.
🔹 Conclusion:
Bias: Bullish above $84,000
Target: $88,500 – $90,000
Invalidation: Below $81,400
Would you like a more detailed trade plan with stop-loss and entry points? 🚀
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.