[HEADLINE: BTC Holds Above EMA55 – Bulls Eye 80K? Aug 22 AM]
BTC/USDT
Current Price: 78043
Quick Take:
Bullish bias – price is holding above the 1H EMA55 with strong momentum, but watch for a squeeze near resistance. 🚀
Why:
• Price sits 5.3% above EMA55 (74089) – bulls in control of liquidity.
• RSI at 68 shows momentum, but MACD hist is slightly negative – watch for a pullback before the next leg up.
• Regulatory clarity news (Coinbase CEO) is boosting institutional flow – supportive for positioning.
Today's Trade Setup:
- Direction: LONG (on dip)
- Entry Zone: 77000–77500 (buy the bid/ask squeeze)
- Stop Loss: 75800 (below recent swing low)
- Take Profit: 79500–80000 (resistance zone)
Risk Note:
⚠️ RSI is near overbought – if we lose 77000, expect a quick flush to 75000. Don't chase; wait for the pullback.
BTC #BinanceSquare #QVXStrategy
For full strategy details, visit QilanX: qilanx.com
BTC/USDT
Current Price: 78043
Quick Take:
Bullish bias – price is holding above the 1H EMA55 with strong momentum, but watch for a squeeze near resistance. 🚀
Why:
• Price sits 5.3% above EMA55 (74089) – bulls in control of liquidity.
• RSI at 68 shows momentum, but MACD hist is slightly negative – watch for a pullback before the next leg up.
• Regulatory clarity news (Coinbase CEO) is boosting institutional flow – supportive for positioning.
Today's Trade Setup:
- Direction: LONG (on dip)
- Entry Zone: 77000–77500 (buy the bid/ask squeeze)
- Stop Loss: 75800 (below recent swing low)
- Take Profit: 79500–80000 (resistance zone)
Risk Note:
⚠️ RSI is near overbought – if we lose 77000, expect a quick flush to 75000. Don't chase; wait for the pullback.
BTC #BinanceSquare #QVXStrategy
For full strategy details, visit QilanX: qilanx.com