📉 Quick analysis of $BTC on the 15-minute chart
Currently, Bitcoin is trading near the 76,000 zone after bouncing off a crucial support at 75,666 👀
🔹 The overall trend remains weak below the EMA50 and EMA200 averages.
🔹 However, a short-term bounce could push the price to retest nearby resistance levels.
📌 Potential targets if the upward movement continues:
🎯 76,300
🎯 76,700
🎯 77,150
📌 On the flip side, if we break below 75,666, we might see:
⚠️ 75,300 then 74,800
The RSI indicator has started to improve slightly, but the momentum isn't fully confirmed yet.
Risk management is crucial in this zone ⚠️
#BTC #Bitcoin #Crypto #Trading#StrategyBTCPurchase
Currently, Bitcoin is trading near the 76,000 zone after bouncing off a crucial support at 75,666 👀
🔹 The overall trend remains weak below the EMA50 and EMA200 averages.
🔹 However, a short-term bounce could push the price to retest nearby resistance levels.
📌 Potential targets if the upward movement continues:
🎯 76,300
🎯 76,700
🎯 77,150
📌 On the flip side, if we break below 75,666, we might see:
⚠️ 75,300 then 74,800
The RSI indicator has started to improve slightly, but the momentum isn't fully confirmed yet.
Risk management is crucial in this zone ⚠️
#BTC #Bitcoin #Crypto #Trading#StrategyBTCPurchase