$BTC price is consolidating at a high level after a push, combined with a significant increase in open interest, which is a healthy signal of institutional funds entering rather than a short squeeze.
🎯 Direction: Long
🎯 Entry: 89300 - 89800
🛑 Stop Loss: 87800 (hard stop loss)
🚀 Target 1: 91500
🚀 Target 2: 93500
$BTC maintains a strong consolidation above the key psychological level, with volume-price coordination showing continuous buying absorbing selling pressure. The increase in open interest along with rising prices is a typical sign of a healthy breakout. There has been no panic selling in the market, with limited pullback, indicating a solid market structure, making upward breakout a higher probability path.
Trade here 👇$BTC
BTCUSDT
Perp
77,758.1
-0.14%
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