$BTC Just Reclaimed the 200-Day MA — Here's What I'm Watching Next
Bitcoin closed above the 200-day moving average for the first time in 3 weeks. This level has acted as a bull/bear divider all year, so it's worth paying attention to.
The setup:
· Daily close above the 200MA ✅
· Volume rising on the breakout ✅
· Funding rates still neutral (no overheated longs) ✅
Key levels I'm tracking:
· Support: Previous resistance now turned support
· Resistance: The range high from last month
· Invalidation: A daily close back below the 200MA would kill this setup
My plan:
I'm not chasing here. Waiting for a retest of the breakout zone before adding. If we lose the 200MA on a daily close, I'm out.
This isn't financial advice — just sharing my personal read on the chart. Always manage your risk.
What's your bias right now? Bullish or waiting for confirmation? 👇
$BTC $ETH $BNB
Bitcoin closed above the 200-day moving average for the first time in 3 weeks. This level has acted as a bull/bear divider all year, so it's worth paying attention to.
The setup:
· Daily close above the 200MA ✅
· Volume rising on the breakout ✅
· Funding rates still neutral (no overheated longs) ✅
Key levels I'm tracking:
· Support: Previous resistance now turned support
· Resistance: The range high from last month
· Invalidation: A daily close back below the 200MA would kill this setup
My plan:
I'm not chasing here. Waiting for a retest of the breakout zone before adding. If we lose the 200MA on a daily close, I'm out.
This isn't financial advice — just sharing my personal read on the chart. Always manage your risk.
What's your bias right now? Bullish or waiting for confirmation? 👇
$BTC $ETH $BNB