Bitcoin (BTC): Renewed Bullish Momentum Amid Key Resistance
🔥 FinCaesar's Strategy:
🩸 Long: Above $105,000, targeting $110,000 and $115,000. Bullish MACD and support from the 200-day EMA favor an upside continuation.
🩸 Short: Below $100,000 for $95,000 and $90,000. A failure to hold this psychological level could invite renewed selling pressure.
🔥 FinCaesar's Commands:
🩸 Resistance: $105,000–$106,000
🩸 Support: $100,000
Bitcoin appears to be in a tentative bullish phase, trading above its 200-day EMA (around $79,500) and showing signs of recovering from recent lows. The MACD histogram has shifted from negative to positive territory, suggesting potential upward momentum. However, caution is advised until price firmly clears the $105,000–$106,000 resistance zone. A drop below $100,000 would undermine the bullish case and could lead to a pullback toward $95,000 or lower.
👑 "Patience and precision separate mere traders from true conquerors." — FinCaesar
🩸 Long: Above $105,000, targeting $110,000 and $115,000. Bullish MACD and support from the 200-day EMA favor an upside continuation.
🩸 Short: Below $100,000 for $95,000 and $90,000. A failure to hold this psychological level could invite renewed selling pressure.
🔥 FinCaesar's Commands:
🩸 Resistance: $105,000–$106,000
🩸 Support: $100,000
Bitcoin appears to be in a tentative bullish phase, trading above its 200-day EMA (around $79,500) and showing signs of recovering from recent lows. The MACD histogram has shifted from negative to positive territory, suggesting potential upward momentum. However, caution is advised until price firmly clears the $105,000–$106,000 resistance zone. A drop below $100,000 would undermine the bullish case and could lead to a pullback toward $95,000 or lower.
👑 "Patience and precision separate mere traders from true conquerors." — FinCaesar
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.