30 EMA (Red, 86,440): Indicates short-term momentum.
200 EMA (Blue, 85,153): Represents long-term trend support.
Support and Resistance Zones
Support Zone (Purple Box - ~86,271 to 85,153): Price is likely to bounce from here.
Resistance Zone (~87,149 and above): Breakout above this could push price higher.
Trade Setup
Entry Consideration: The price is currently testing a demand zone (purple) after a pullback.
Target (Take Profit - 90,118): Expecting a bullish move.
Stop Loss (~86,658 or lower): To manage risk.
Potential Price Action
If Bitcoin holds above the purple demand zone and 30 EMA, it could rally to 90,118.
A breakdown below 86,271 could push it toward 84,366 or lower.
Conclusion
Bullish Bias: If price holds above the support level.
Bearish Risk: If it breaks below the purple zone.
Recommendation: Monitor support at 86,271 and 85,153, as a bounce from these areas could confirm an uptrend.
200 EMA (Blue, 85,153): Represents long-term trend support.
Support and Resistance Zones
Support Zone (Purple Box - ~86,271 to 85,153): Price is likely to bounce from here.
Resistance Zone (~87,149 and above): Breakout above this could push price higher.
Trade Setup
Entry Consideration: The price is currently testing a demand zone (purple) after a pullback.
Target (Take Profit - 90,118): Expecting a bullish move.
Stop Loss (~86,658 or lower): To manage risk.
Potential Price Action
If Bitcoin holds above the purple demand zone and 30 EMA, it could rally to 90,118.
A breakdown below 86,271 could push it toward 84,366 or lower.
Conclusion
Bullish Bias: If price holds above the support level.
Bearish Risk: If it breaks below the purple zone.
Recommendation: Monitor support at 86,271 and 85,153, as a bounce from these areas could confirm an uptrend.
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Join my telegram (COPY_TRADE)
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Join my refrel broker link
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Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.