Description:
On the daily chart of Bitcoin (BTC/USD), we observe an interesting dynamic. After a recent spike around $97,983, the price has shown a significant pullback, finding support at the $96,422 area. This level has acted as a key support, where the price has bounced off, indicating a possible bullish reversal in the short term.
Analysis:
Resistance and Support: The price has rejected the resistance at $97,983.96 and has retraced to the support at $96,422.90. This pullback has been followed by a bounce, suggesting that the support is holding.
Volume: An increase in volume during the bounce from the support can confirm buying strength.
Strategy:
Entry: Consider buying on the bounce from current prices,
Stop Loss: Place a stop loss below the recent low, around $96,200, to manage risk.
Take Profit: Target the previous resistance at $97,983 as the first profit target. If the price breaks this resistance, the next target could be the all-time high or psychological levels like $100,000.
On the daily chart of Bitcoin (BTC/USD), we observe an interesting dynamic. After a recent spike around $97,983, the price has shown a significant pullback, finding support at the $96,422 area. This level has acted as a key support, where the price has bounced off, indicating a possible bullish reversal in the short term.
Analysis:
Resistance and Support: The price has rejected the resistance at $97,983.96 and has retraced to the support at $96,422.90. This pullback has been followed by a bounce, suggesting that the support is holding.
Volume: An increase in volume during the bounce from the support can confirm buying strength.
Strategy:
Entry: Consider buying on the bounce from current prices,
Stop Loss: Place a stop loss below the recent low, around $96,200, to manage risk.
Take Profit: Target the previous resistance at $97,983 as the first profit target. If the price breaks this resistance, the next target could be the all-time high or psychological levels like $100,000.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。