🔥 Bottom Fishing and Bitcoin’s Explosive Breakout: Has the Road to $86,000 Begun? 🚀💎
Bitcoin ($BTC ) refuses to fall and is proving its strength after a historic bounce from the $80,985 bottom, breaking above the moving averages with solid buying momentum to close above $83,700! The bulls have regained control, and signs of an uptrend resuming are now clear on the current timeframe.
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🎯 Immediate Entry Plan (Buy / Long):
• Entry zone: $83,400 - $83,750 (current positioning levels)
• First target: $84,340 (retest of the previous high)
• Second target: $85,200
• Third target (the golden target): $86,000
🛑 Strict Stop Loss:
• $82,850 (a break below the MA25 and a candle close beneath it)
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💡 Tips for Pros and Beginners:
1. Stick to sound risk management and don’t risk more than 2% to 3% of your portfolio.
2. Use low leverage (3x to 5x maximum) to protect your position against volatility.
3. Once the first target is reached, take your initial capital off the table and move your stop loss to your entry point (breakeven).
💬 Do you expect Bitcoin to break above $84,340 today, or will we see a support retest first? Share your thoughts in the comments!👇
Bitcoin ($BTC ) refuses to fall and is proving its strength after a historic bounce from the $80,985 bottom, breaking above the moving averages with solid buying momentum to close above $83,700! The bulls have regained control, and signs of an uptrend resuming are now clear on the current timeframe.
━━━━━━━━━━━━━━━━━━━
🎯 Immediate Entry Plan (Buy / Long):
• Entry zone: $83,400 - $83,750 (current positioning levels)
• First target: $84,340 (retest of the previous high)
• Second target: $85,200
• Third target (the golden target): $86,000
🛑 Strict Stop Loss:
• $82,850 (a break below the MA25 and a candle close beneath it)
━━━━━━━━━━━━━━━━━━━
💡 Tips for Pros and Beginners:
1. Stick to sound risk management and don’t risk more than 2% to 3% of your portfolio.
2. Use low leverage (3x to 5x maximum) to protect your position against volatility.
3. Once the first target is reached, take your initial capital off the table and move your stop loss to your entry point (breakeven).
💬 Do you expect Bitcoin to break above $84,340 today, or will we see a support retest first? Share your thoughts in the comments!👇