🔹 Current Price: $98,402
🔹 Action: OPEN LONG (Buy BTC)
🔹 Target: $100,500 📈 | Stop-loss: $96,500
🔹 Confidence Level: 85% ✅
Why is BTC Looking Bullish?
✅ Market Sentiment: Strong financial & order book indicators suggest bullish momentum.
✅ Technical Signals: RSI & MACD show upward momentum, signaling a potential breakout.
✅ Derivatives Data:
Funding Rate: Positive ➝ Traders paying a premium to long BTC.
Open Interest: 76,854 BTC ➝ High participation in futures, supporting bullish activity.
✅ Order Book Imbalance: Increased buy pressure from large market orders.
Key Scenarios
📊 Bullish Case (Higher Probability)
If BTC holds above
98K, strong momentum could push it to $100,500 🚀.
Breaking $100K could trigger FOMO buying and push prices even higher.
📉 Bearish Case (Lower Probability)
If BTC fails to hold
97K, it could retest $96,500 support before another move up.
A break below $96,500 would invalidate the bullish thesis.
Trading Strategy
🔹 Entry: Look for pullbacks near98K for better positioning.
🔹 Stop-loss: Tight risk management at $96,500.
🔹 Target: First take profit at $100,500, reassess for further upside.
💭 Will BTC finally break $100K, or will it pull back first? Drop your thoughts! 👇
🔹 Action: OPEN LONG (Buy BTC)
🔹 Target: $100,500 📈 | Stop-loss: $96,500
🔹 Confidence Level: 85% ✅
Why is BTC Looking Bullish?
✅ Market Sentiment: Strong financial & order book indicators suggest bullish momentum.
✅ Technical Signals: RSI & MACD show upward momentum, signaling a potential breakout.
✅ Derivatives Data:
Funding Rate: Positive ➝ Traders paying a premium to long BTC.
Open Interest: 76,854 BTC ➝ High participation in futures, supporting bullish activity.
✅ Order Book Imbalance: Increased buy pressure from large market orders.
Key Scenarios
📊 Bullish Case (Higher Probability)
If BTC holds above
98K, strong momentum could push it to $100,500 🚀.Breaking $100K could trigger FOMO buying and push prices even higher.
📉 Bearish Case (Lower Probability)
If BTC fails to hold
97K, it could retest $96,500 support before another move up.A break below $96,500 would invalidate the bullish thesis.
Trading Strategy
🔹 Entry: Look for pullbacks near
98K for better positioning.🔹 Stop-loss: Tight risk management at $96,500.
🔹 Target: First take profit at $100,500, reassess for further upside.
💭 Will BTC finally break $100K, or will it pull back first? Drop your thoughts! 👇
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.
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.