$BTC & $BNB Market Setup: Key Levels to Watch đ
#Bitcoin (BTC)
BTC is currently trading around $79,100, after pushing above the $80,000 psychological level and reaching a daily high near $81,220.
Price has since pulled back toward the $79K area, showing some profit-taking after the strong move higher.
Why:
BTC has broken above the $80,000 zone and remains significantly higher than last weekâs levels. The key question now is whether buyers can turn $80K into support.
Key Levels:
⢠Support: $78,000â$79,000
⢠Major Support: $76,500â$77,000
⢠Resistance: $80,000â$81,200
⢠Breakout Target: $83,000+
⢠Major Psychological Target: $85,000
#BNB
BNB is currently trading around $697, after reaching a daily high near $719 before sellers pushed price back below $700. (Investing.com Nigeriaâ ďżź)
Bias: NEUTRAL â BULLISH above $700
Why:
BNB has had a strong run over the past week, climbing from around $627 on Aug. 19 to above $700. However, todayâs rejection from the $719 area shows that sellers are defending the upper range.
Key Levels:
⢠Support: $690â$700
⢠Major Support: $675â$685
⢠Resistance: $715â$720
⢠Breakout Target: $735â$750
⢠Psychological Target: $800
#Bitcoin (BTC)
BTC is currently trading around $79,100, after pushing above the $80,000 psychological level and reaching a daily high near $81,220.
Price has since pulled back toward the $79K area, showing some profit-taking after the strong move higher.
Why:
BTC has broken above the $80,000 zone and remains significantly higher than last weekâs levels. The key question now is whether buyers can turn $80K into support.
Key Levels:
⢠Support: $78,000â$79,000
⢠Major Support: $76,500â$77,000
⢠Resistance: $80,000â$81,200
⢠Breakout Target: $83,000+
⢠Major Psychological Target: $85,000
#BNB
BNB is currently trading around $697, after reaching a daily high near $719 before sellers pushed price back below $700. (Investing.com Nigeriaâ ďżź)
Bias: NEUTRAL â BULLISH above $700
Why:
BNB has had a strong run over the past week, climbing from around $627 on Aug. 19 to above $700. However, todayâs rejection from the $719 area shows that sellers are defending the upper range.
Key Levels:
⢠Support: $690â$700
⢠Major Support: $675â$685
⢠Resistance: $715â$720
⢠Breakout Target: $735â$750
⢠Psychological Target: $800
