Current Situation:
Bitcoin (BTC) has successfully cleared the $66,540 level and is moving towards its all-time high (ATH) of $73,757. However, it has currently encountered resistance, and a pullback is anticipated as it contends with a previous bearish order block.
Trade Strategy:
Expected Retracement: It's logical to anticipate a pullback to the $70,000 level, given the current resistance and market behavior.
Post-Retracement Strategy: After the expected retracement to $70,000, we anticipate a push and potential breakthrough of the ATH.
Targets Post-Breakthrough: If BTC successfully breaks through the ATH of $73,757, the next target would be around $77,430.
Key Levels to Monitor:
Support Levels: $70,000 (anticipated retracement level)
Resistance Levels: $73,757 (ATH), $77,430 (target post-breakthrough)
๐๐ Stay vigilant and monitor BTC's price action closely for validation of these levels and any potential adjustments needed to your trading strategy. #BTCAnalysis #CryptoTrading ๐๐
Bitcoin (BTC) has successfully cleared the $66,540 level and is moving towards its all-time high (ATH) of $73,757. However, it has currently encountered resistance, and a pullback is anticipated as it contends with a previous bearish order block.
Trade Strategy:
Expected Retracement: It's logical to anticipate a pullback to the $70,000 level, given the current resistance and market behavior.
Post-Retracement Strategy: After the expected retracement to $70,000, we anticipate a push and potential breakthrough of the ATH.
Targets Post-Breakthrough: If BTC successfully breaks through the ATH of $73,757, the next target would be around $77,430.
Key Levels to Monitor:
Support Levels: $70,000 (anticipated retracement level)
Resistance Levels: $73,757 (ATH), $77,430 (target post-breakthrough)
๐๐ Stay vigilant and monitor BTC's price action closely for validation of these levels and any potential adjustments needed to your trading strategy. #BTCAnalysis #CryptoTrading ๐๐