Bitcoin (BTC): Testing Major Resistance
🔥 FinCaesar's Strategy:
🩸 Long: Above $98,000, targeting $100,000 and $104,000. Increased volume and bullish sentiment will confirm momentum.
🩸 Short: Below $96,000, aiming for $93,000 and $90,000, especially if selling pressure intensifies.
🔥 FinCaesar's Commands:
🩸 Resistance: $98,000. A breakout could push BTC to $100,000 and $104,000, signaling bullish continuation.
🩸 Support: $96,000. A breakdown risks corrections to $93,000 and potentially $90,000.
🩸 Analysis: Bitcoin consolidates near a critical resistance at $98,000. The MACD hints at bullish potential, with momentum building for an upward surge. However, volume remains a key factor to confirm a breakout. Failure to hold $96,000 could shift sentiment bearish, opening the door for further downside.
👑 "The crown belongs to those who act decisively at the moment of truth." — FinCaesar
🩸 Long: Above $98,000, targeting $100,000 and $104,000. Increased volume and bullish sentiment will confirm momentum.
🩸 Short: Below $96,000, aiming for $93,000 and $90,000, especially if selling pressure intensifies.
🔥 FinCaesar's Commands:
🩸 Resistance: $98,000. A breakout could push BTC to $100,000 and $104,000, signaling bullish continuation.
🩸 Support: $96,000. A breakdown risks corrections to $93,000 and potentially $90,000.
🩸 Analysis: Bitcoin consolidates near a critical resistance at $98,000. The MACD hints at bullish potential, with momentum building for an upward surge. However, volume remains a key factor to confirm a breakout. Failure to hold $96,000 could shift sentiment bearish, opening the door for further downside.
👑 "The crown belongs to those who act decisively at the moment of truth." — 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.