$BTC BTC holds at 85500—Is the bull market still on?
Brothers, don’t get scared off by a short-term pullback! From 74900 to 87385, this bullish trend has been absolutely perfect. Now the correction is just a continuation during the uptrend. As long as it doesn’t break below the key support, the bigger picture remains bullish!
Technical breakdown:
The EMA moving averages are in a bullish arrangement, with price staying above the EMA7. MACD is running above the zero line and momentum hasn’t faded. The Bollinger Bands are opening upward, and price/volume are in good alignment. This is a classic case of the strong staying strong!
Trading strategy:
Go with the trend—pullbacks are opportunities!
Long: Enter at the current price 85500, or on a pullback to 83300 (EMA30).
Stop loss: Below 82800.
Targets: Previous high 87385; if it breaks through, watch for 90000!
Short: Only consider shorting if it meets resistance around 88300. The risk is relatively high—beginners, be cautious and don’t touch it.
Brothers, don’t get scared off by a short-term pullback! From 74900 to 87385, this bullish trend has been absolutely perfect. Now the correction is just a continuation during the uptrend. As long as it doesn’t break below the key support, the bigger picture remains bullish!
Technical breakdown:
The EMA moving averages are in a bullish arrangement, with price staying above the EMA7. MACD is running above the zero line and momentum hasn’t faded. The Bollinger Bands are opening upward, and price/volume are in good alignment. This is a classic case of the strong staying strong!
Trading strategy:
Go with the trend—pullbacks are opportunities!
Long: Enter at the current price 85500, or on a pullback to 83300 (EMA30).
Stop loss: Below 82800.
Targets: Previous high 87385; if it breaks through, watch for 90000!
Short: Only consider shorting if it meets resistance around 88300. The risk is relatively high—beginners, be cautious and don’t touch it.
