I almost scrolled past this $BTC USDT Perp chart, but something about the structure made me stop and take a second look. Sometimes the most obvious setups are hiding in plain sight, and this one feels like it deserves some patience.
Right now, Bitcoin is hovering around $79,769, sitting almost exactly at the EMA(7) of $79,809. We're above both the EMA(25) at $79,504 and the critical EMA(99) at $77,008, with the Supertrend support at $78,104 still holding strong. That's the bullish backbone here. I'm watching for a clean break above that recent high of $82,282.8 with momentum, because if buyers can reclaim that zone, it opens the door toward the $83,272.8 resistance.
The levels I'm interested in are simple: look for price to hold above the $79,500–79,700 range with bullish rejection, then target the old highs near $82,283. Above that, we could see a push toward $83,273.
I learned the hard way that chasing a breakout without confirmation usually leads to getting stopped out. That's why I'd rather wait for a strong daily close above $80,200 before considering a long. If we lose the $78,100 level decisively, the bull case weakens.
Confidence is moderate, not extreme. The market is still respecting key supports, but we've been ranging enough that I want proof before committing capital.
Respect your risk, wait for the candles to confirm, and never assume any move is guaranteed. What level do you think will determine the next trend here?
$BTC
#ZECHitsANewAllTimeHigh #USAugustJobGrowthNearlyTriplesForecast #USAugustJobGrowthNearlyTriplesForecast #CNPYAirdropOnBinanceAlpha
Right now, Bitcoin is hovering around $79,769, sitting almost exactly at the EMA(7) of $79,809. We're above both the EMA(25) at $79,504 and the critical EMA(99) at $77,008, with the Supertrend support at $78,104 still holding strong. That's the bullish backbone here. I'm watching for a clean break above that recent high of $82,282.8 with momentum, because if buyers can reclaim that zone, it opens the door toward the $83,272.8 resistance.
The levels I'm interested in are simple: look for price to hold above the $79,500–79,700 range with bullish rejection, then target the old highs near $82,283. Above that, we could see a push toward $83,273.
I learned the hard way that chasing a breakout without confirmation usually leads to getting stopped out. That's why I'd rather wait for a strong daily close above $80,200 before considering a long. If we lose the $78,100 level decisively, the bull case weakens.
Confidence is moderate, not extreme. The market is still respecting key supports, but we've been ranging enough that I want proof before committing capital.
Respect your risk, wait for the candles to confirm, and never assume any move is guaranteed. What level do you think will determine the next trend here?
$BTC
#ZECHitsANewAllTimeHigh #USAugustJobGrowthNearlyTriplesForecast #USAugustJobGrowthNearlyTriplesForecast #CNPYAirdropOnBinanceAlpha
