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$BTC Long Trading Update ๐
Key Levels:
Support: $94,000 (strong support zone)
Resistance: $98,000 (immediate resistance)
Bullish Breakout: $100,000 (potential strong move above this level)
Trade Setup:
Long Entry: $97,000 - $97,500 (ideal entry after support confirmation)
Target 1: $98,000 (first resistance level)
Target 2: $100,000 (next resistance zone)
Stop Loss: $93,500 (below key support)
Market Context:
Momentum: Currently neutral; oscillators indicate neither overbought nor oversold conditions.
Volume: Decreasing selling pressure near $94,000 suggests potential accumulation.
MACD: Awaiting a bullish crossover to confirm upward momentum.
Pro Tip: A breakout above $98,000 with strong volume could trigger a rally toward $100,000. Monitor price action closely and employ tight stop losses to manage risk.
Disclaimer: This is not financial advice. Please do your own research (DYOR) before making any trading decisions!
#BTCNextATH BTCvsInflation