📊 Analysis:
Market Movement: The market opened with a bullish tone, with BTC attempting to break through the top of the range support area at $66,000.
Key Levels: Watch the 0.618 – 0.786 Fibonacci retracement level closely, spanning $68,000 - $70,000.
Potential Scenario: A successful break above this level could lead BTC to retest the all-time high at $73,800.
Risk Awareness: If BTC faces rejection, it may signal further downside, necessitating cautious risk management.
📈 Trading Strategy:
Observation: Monitor BTC's price action around the key Fibonacci retracement levels.
Entry: Consider long positions if BTC breaks convincingly above $70,000.
Targets: Target potential retest of the all-time high at $73,800.
Risk Management: Implement appropriate stop-loss measures to manage downside risk in case of rejection.
🚦 Stay Alert: Market trends may shift rapidly, so stay vigilant for changes in price dynamics! 📊📉 #BTC #MarketAnalysis #TradingStrategy 🌟📈
Market Movement: The market opened with a bullish tone, with BTC attempting to break through the top of the range support area at $66,000.
Key Levels: Watch the 0.618 – 0.786 Fibonacci retracement level closely, spanning $68,000 - $70,000.
Potential Scenario: A successful break above this level could lead BTC to retest the all-time high at $73,800.
Risk Awareness: If BTC faces rejection, it may signal further downside, necessitating cautious risk management.
📈 Trading Strategy:
Observation: Monitor BTC's price action around the key Fibonacci retracement levels.
Entry: Consider long positions if BTC breaks convincingly above $70,000.
Targets: Target potential retest of the all-time high at $73,800.
Risk Management: Implement appropriate stop-loss measures to manage downside risk in case of rejection.
🚦 Stay Alert: Market trends may shift rapidly, so stay vigilant for changes in price dynamics! 📊📉 #BTC #MarketAnalysis #TradingStrategy 🌟📈
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.