BTC
BTC appears to be forming a bullish AB=CD pattern. The key support level is at **$79,940**, while resistance is seen at **$81,765**. If BTC remains above **$79,940**, it could continue its bullish momentum. However, a break below this support may trigger further declines.
In the event of a downside move, the next targets could be **$78,724**, **$77,772**, **$76,560**, and **$73,059**. Traders should monitor price action around support and resistance levels to confirm potential trends. A sustained move above resistance could indicate further bullish strength, while a breakdown below support may lead to deeper corrections.
Risk management is crucial, as volatility remains high. Setting stop-loss orders and watching for confirmation signals can help in making informed trading decisions. Keep an eye on market sentiment and external factors, such as macroeconomic events, which could influence BTC's price movement.BTC appears to be forming a bullish AB=CD pattern. The key support level is at **$79,940**, while resistance is seen at **$81,765**. If BTC remains above **$79,940**, it could continue its bullish momentum. However, a break below this support may trigger further declines.
In the event of a downside move, the next targets could be **$78,724**, **$77,772**, **$76,560**, and **$73,059**. Traders should monitor price action around support and resistance levels to confirm potential trends. A sustained move above resistance could indicate further bullish strength, while a breakdown below support may lead to deeper corrections.
Risk management is crucial, as volatility remains high. Setting stop-loss orders and watching for confirmation signals can help in making informed trading decisions. Keep an eye on market sentiment and external factors, such as macroeconomic events, which could influence BTC's price movement.
In the event of a downside move, the next targets could be **$78,724**, **$77,772**, **$76,560**, and **$73,059**. Traders should monitor price action around support and resistance levels to confirm potential trends. A sustained move above resistance could indicate further bullish strength, while a breakdown below support may lead to deeper corrections.
Risk management is crucial, as volatility remains high. Setting stop-loss orders and watching for confirmation signals can help in making informed trading decisions. Keep an eye on market sentiment and external factors, such as macroeconomic events, which could influence BTC's price movement.BTC appears to be forming a bullish AB=CD pattern. The key support level is at **$79,940**, while resistance is seen at **$81,765**. If BTC remains above **$79,940**, it could continue its bullish momentum. However, a break below this support may trigger further declines.
In the event of a downside move, the next targets could be **$78,724**, **$77,772**, **$76,560**, and **$73,059**. Traders should monitor price action around support and resistance levels to confirm potential trends. A sustained move above resistance could indicate further bullish strength, while a breakdown below support may lead to deeper corrections.
Risk management is crucial, as volatility remains high. Setting stop-loss orders and watching for confirmation signals can help in making informed trading decisions. Keep an eye on market sentiment and external factors, such as macroeconomic events, which could influence BTC's price movement.
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.