Bitcoin

Trading Analysis of Bitcoin

31
Trading Strategy
Long Setup:

  • Enter on a confirmed breakout above $77,000 with high volume. Place a stop-loss below $74,500.
  • Target levels: $80,000 and $82,000.

Short Setup:

  • If rejection occurs near $77,000, consider shorting with a stop-loss above the resistance. Targets could be $74,500 and $72,000.

Scalping Opportunity:

  • Look for quick scalps within the channel bounds, buying near support levels and selling near resistance.

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