BITCOIN Range Breakout Zone Long Point

2024年6月8日

It sounds like you're observing a bullish trend in the BTCUSDT (Bitcoin to USDT) trading pair, with Bitcoin gaining momentum and potentially breaking out from a price of 69,456.00 USDT to target levels around 72,000.00 to 73,000.00 USDT.

Here are some key points to consider:

Technical Analysis
Support and Resistance Levels: Identify major support and resistance levels on the chart to understand where Bitcoin might face obstacles or find support.
Moving Averages: Check short-term and long-term moving averages (e.g., 50-day and 200-day moving averages) to gauge the overall trend.
Volume Analysis: Look at trading volume to confirm the strength of the breakout. High volume during a breakout is typically a positive signal.
RSI (Relative Strength Index): Use RSI to determine if Bitcoin is overbought or oversold, which can help in anticipating potential reversals or continuations of the trend.
MACD (Moving Average Convergence Divergence): Analyze MACD for bullish or bearish crossovers which can indicate potential changes in momentum.

To My Target is key Resistance zone at 73000.00

2024年6月11日

註釋

Bitcoin's price movements often involve touching key support and resistance levels, which traders use to make decisions. If Bitcoin recently touched a support level of $67,000, this suggests that there was a significant amount of buying interest at that price, preventing it from falling further at that moment.

in my opinion the market will likely from a rejection candle iam expecting a spike downwards followed by a bullish move.
My Goal is to resistance zone at 69500.