$BTC | 1D & 4H Outlook
Bitcoin is trading near $86,300, holding its breakout from the $77Kโ$81K range. The daily trend is strong and price is above all key moving averages.
๐ Key levels
๐ด Resistance: $87,400, then $90,000
๐ข Support: $85,000 and $83,500
๐ข Major support: $81,000
๐ Outlook
The 4H RSI is around 70, so a retest of $84Kโ$85K is possible and would be healthy. Above $83,500 the bias stays bullish, and a 4H close above $87,400 targets $88K, then $90K. A daily close below $83,500 puts $81K in play.
Manage your risk and use a stop-loss.
#BTC #Bitcoin #BTCUSDT #CryptoAnalysis #TechnicalAnalysis
Bitcoin is trading near $86,300, holding its breakout from the $77Kโ$81K range. The daily trend is strong and price is above all key moving averages.
๐ Key levels
๐ด Resistance: $87,400, then $90,000
๐ข Support: $85,000 and $83,500
๐ข Major support: $81,000
๐ Outlook
The 4H RSI is around 70, so a retest of $84Kโ$85K is possible and would be healthy. Above $83,500 the bias stays bullish, and a 4H close above $87,400 targets $88K, then $90K. A daily close below $83,500 puts $81K in play.
Manage your risk and use a stop-loss.
#BTC #Bitcoin #BTCUSDT #CryptoAnalysis #TechnicalAnalysis
