BTC $BTC is holding steady—up 2.6% and testing resistance 📊
Bitcoin is showing strength, pushing from $66.7K to $68.7K. The king is still consolidating within a range, and today's move is a positive sign.
What the chart is showing:
· Bullish Short-Term: Price is above EMA(7) at $68,024, which is a good sign. However, it's still below EMA(25) at $69,101.
· RSI at 53.9: Neutral—neither overbought nor oversold. Room to run.
· Volume: Slightly below average, but that's typical during consolidation.
· Key Levels:
· Support: $68,000 (EMA 7) and $66,700 (24h low)
· Resistance: $69,100 (EMA 25) and $69,300 (24h high)
Trade Setup (Swing Long):
· Entry: $68,500 - $68,800 (current zone, on a small dip)
· Stop-Loss: $67,500
· Target: $70,000 - $70,500
Risk-Reward: ~1:2
Probability: Medium. BTC is range-bound, but a break above $69,300 could trigger a move toward $70K. Wait for confirmation.
#BTC #Bitcoin #USDT #Crypto #Trading
