The last hours witness interesting movements in the price of the leading cryptocurrency Bitcoin
#BTC . After a serious attempt to break the $75,000 barrier, we now observe the market entering a phase of technical volatility that calls for caution and close monitoring.
📉 Current Price Action Analysis
By observing the candlestick chart (as shown in the tool below), we find that the price is currently testing a strong support area. Failure to stay above the $73,500 levels may open the door for a minor correction to regain momentum.
• Next Resistance: $75,200
• Key Support: $72,800
💡 Suggested Trading Strategy
Looking at actual trading deals and trending data, alternative coins like
$ETH and
$BNB appear to be directly influenced by Bitcoin's movements. My current strategy relies on "buying on the dip" from the mentioned support areas, with a gradual activation of profit-taking features.
Tip: Do not get carried away by emotion (FOMO) at the peaks, and wait for confirmation signals on the chart before making an entry decision.
I am sharing my strategy directly through live trading; what is your expectation for the next movement? Will we see $80,000 before the end of the week? 💬👇
#BinanceSqaure #BTC #tradingStrategy #Bitcoin