Bitcoin ($BTC
BTC
77,057.43
+1.76%
) – Testing Resistance, Momentum Shifting Bullish
Trading Plan: Long BTC
Entry: 75,800 – 76,200
SL: 73,800
TP1: 78,500
TP2: 81,200
TP3: 85,000
Market Analysis:
Price action is currently showing strong resilience as it pushes against the immediate resistance level. After a period of consolidation, the buyers are stepping back in, and the SuperTrend indicator is flashing a solid green signal on the 4H timeframe. We are seeing a steady absorption of sell orders in the order book, suggesting that the path of least resistance is currently to the upside. If the price successfully clears the $76,500 zone with volume, we expect a rapid continuation toward the next major psychological targets.
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