Post
$BTC
BTCUSDT — Consolidating at Critical Support for Potential Breakout
BTCUSDT is trading at $88,011, holding above the crucial $87,500 - $87,800 support zone after being rejected from the $88,983 resistance. The price is consolidating between $86,960 (24h low) and $88,983 (24h high), showing strength by maintaining above the $87,800 level. With positive daily momentum (+0.44%) and a tight consolidation, BTC is building energy for its next directional move.
Trade Plan (LONG)
Entry (Long): $87,500 - $87,900 (Accumulate at key support confluence)
Target 1: $88,800 - $89,000 (Retest of recent highs)
Target 2: $89,600 - $90,000 (Breakout target above resistance)
Stop Loss: $87,000 (Below the critical support zone)
My View
BTC is demonstrating resilience by holding above the $87,800 support level despite recent volatility. The current consolidation offers a favorable long entry with a tight stop for a potential breakout above $89,000. The risk-reward is attractive, with clear invalidation below $87,000. A successful break above $88,983 could trigger momentum toward $90,000+. Position sizing should account for BTC's typical volatility at these levels.
#BTC
{future}(BTCUSDT)
BTCUSDT — Consolidating at Critical Support for Potential Breakout
BTCUSDT is trading at $88,011, holding above the crucial $87,500 - $87,800 support zone after being rejected from the $88,983 resistance. The price is consolidating between $86,960 (24h low) and $88,983 (24h high), showing strength by maintaining above the $87,800 level. With positive daily momentum (+0.44%) and a tight consolidation, BTC is building energy for its next directional move.
Trade Plan (LONG)
Entry (Long): $87,500 - $87,900 (Accumulate at key support confluence)
Target 1: $88,800 - $89,000 (Retest of recent highs)
Target 2: $89,600 - $90,000 (Breakout target above resistance)
Stop Loss: $87,000 (Below the critical support zone)
My View
BTC is demonstrating resilience by holding above the $87,800 support level despite recent volatility. The current consolidation offers a favorable long entry with a tight stop for a potential breakout above $89,000. The risk-reward is attractive, with clear invalidation below $87,000. A successful break above $88,983 could trigger momentum toward $90,000+. Position sizing should account for BTC's typical volatility at these levels.
#BTC
{future}(BTCUSDT)
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BTC
89,930.48
+2.85%