Key Observations:
Ascending Channel: BTC has been trading within an upward-sloping structure, confirming bullish momentum.
Retest Level: The price has pulled back to the trendline for a retest, a crucial confirmation point before potential upside continuation.
Target Projection: The expected breakout move suggests a 13.69% increase, targeting $97,467 - $98,630 levels.
Support Levels: Key supports are around $85,335 - $84,474, which could act as a safety zone if price rejects the breakout.
Trading Plan:
Bullish Bias: A successful retest and bullish confirmation could propel BTC to the $97,467 - $98,630 resistance zone.
Invalidation: A drop below the support zone near $84,474 may invalidate this bullish outlook.
Conclusion:
BTC/USD is displaying strong bullish potential, with a well-formed ascending structure and a possible breakout move. Traders should watch for confirmation of the trendline retest before entering long positions.
Ascending Channel: BTC has been trading within an upward-sloping structure, confirming bullish momentum.
Retest Level: The price has pulled back to the trendline for a retest, a crucial confirmation point before potential upside continuation.
Target Projection: The expected breakout move suggests a 13.69% increase, targeting $97,467 - $98,630 levels.
Support Levels: Key supports are around $85,335 - $84,474, which could act as a safety zone if price rejects the breakout.
Trading Plan:
Bullish Bias: A successful retest and bullish confirmation could propel BTC to the $97,467 - $98,630 resistance zone.
Invalidation: A drop below the support zone near $84,474 may invalidate this bullish outlook.
Conclusion:
BTC/USD is displaying strong bullish potential, with a well-formed ascending structure and a possible breakout move. Traders should watch for confirmation of the trendline retest before entering long positions.
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.