BTC/USDT: Holds above the main moving average, eyes on breaking resistance 🟠📈
Content:
Bitcoin is trading at $89,620.29, up +1.84% today. The price is currently maintaining its trading above the 60-period moving average ($89,523.03), which now acts as immediate support. The daily range is defined with a high of $90,450 (resistance) and a low of $88,002.79 (strong support).
Trading Idea (Support and Breakout):
Scenario 1 (Buy when MA60 holds):
Entry Zone: $89,530 – $89,620 (near MA60 support)
Stop Loss (SL): Below $88,900 (losing MA60 and structure)
Take Profit Goals (TP):
TP1: $90,200 (below the 24-hour high)
TP2: $90,800 (extension above resistance)
Scenario 2 (Break above 24-hour high):
Entry Condition: Sustained break above $90,500 with trading volume
Stop Loss (SL): Below $89,800
Take Profit (TP): $91,200 → $91,800
$BTC
Trading volume remains good at $1.23 billion. Despite the recent weekly decline (-7.41% over 7 days), holding above MA60 indicates strength in the near term.
#Bitcoin #BTC #TradingSignals #BukhariTechTips
Content:
Bitcoin is trading at $89,620.29, up +1.84% today. The price is currently maintaining its trading above the 60-period moving average ($89,523.03), which now acts as immediate support. The daily range is defined with a high of $90,450 (resistance) and a low of $88,002.79 (strong support).
Trading Idea (Support and Breakout):
Scenario 1 (Buy when MA60 holds):
Entry Zone: $89,530 – $89,620 (near MA60 support)
Stop Loss (SL): Below $88,900 (losing MA60 and structure)
Take Profit Goals (TP):
TP1: $90,200 (below the 24-hour high)
TP2: $90,800 (extension above resistance)
Scenario 2 (Break above 24-hour high):
Entry Condition: Sustained break above $90,500 with trading volume
Stop Loss (SL): Below $89,800
Take Profit (TP): $91,200 → $91,800
$BTC
Trading volume remains good at $1.23 billion. Despite the recent weekly decline (-7.41% over 7 days), holding above MA60 indicates strength in the near term.
#Bitcoin #BTC #TradingSignals #BukhariTechTips