Bitcoin (BTC/USDT) continues to trade within a well-defined ascending channel, currently hovering around the $91,600 level. The chart illustrates a consistent pattern of higher highs and higher lows, supporting a bullish outlook in the short term.
Analysis and Projection:
Support Zone: The lower trendline of the channel at approximately $91,000 acts as a strong support level. A bounce from this area could propel BTC toward the midline and potentially higher resistance levels.
Resistance Zone: The $93,500 mark represents the next key resistance. A breakout above this level could pave the way for a push toward $95,500 or beyond.
Trading Strategy:
Bullish Scenario: Enter long positions near the support line with targets set at $93,500 and $95,500.
Bearish Scenario: A breakdown below $91,000 could invalidate the ascending channel, signaling a potential shift toward $90,000.
Traders should monitor price action near critical levels for confirmation and adjust strategies accordingly. The channel remains the guiding structure for Bitcoin's current trend.
Analysis and Projection:
Support Zone: The lower trendline of the channel at approximately $91,000 acts as a strong support level. A bounce from this area could propel BTC toward the midline and potentially higher resistance levels.
Resistance Zone: The $93,500 mark represents the next key resistance. A breakout above this level could pave the way for a push toward $95,500 or beyond.
Trading Strategy:
Bullish Scenario: Enter long positions near the support line with targets set at $93,500 and $95,500.
Bearish Scenario: A breakdown below $91,000 could invalidate the ascending channel, signaling a potential shift toward $90,000.
Traders should monitor price action near critical levels for confirmation and adjust strategies accordingly. The channel remains the guiding structure for Bitcoin's current trend.
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Penerbitan berkaitan
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.