🚨 $BTC: HIGH VOLATILITY ALERT AT A CRITICAL PRICE LEVEL! ⚡
On-chain data has just recorded whales accumulating a net 3,500 $BTC (~$285 million) withdrawn from exchanges to cold wallets, clearly signaling a long-term accumulation trend. Despite a 4.50% drop over the past 24 hours to around $77,679.83, the H4 chart for $BTC is still consolidating around the EMA band, building momentum for the upcoming breakout.
Practical trading scenarios:
• LONG scenario: Consider opening a position if $BTC holds firmly above the strong support zone at $76,388.88, or adding to your position if the price breaks through the key resistance at $78,878.01.
• SHORT scenario: Triggered if the price decisively breaks below the $76,388.88 support level with heavy selling volume.
Which level do you think $BTC will retest this week? Comment with your prediction!
#BinanceSquare #BTC #Crypto
(Personal opinion, not investment advice - DYOR)
On-chain data has just recorded whales accumulating a net 3,500 $BTC (~$285 million) withdrawn from exchanges to cold wallets, clearly signaling a long-term accumulation trend. Despite a 4.50% drop over the past 24 hours to around $77,679.83, the H4 chart for $BTC is still consolidating around the EMA band, building momentum for the upcoming breakout.
Practical trading scenarios:
• LONG scenario: Consider opening a position if $BTC holds firmly above the strong support zone at $76,388.88, or adding to your position if the price breaks through the key resistance at $78,878.01.
• SHORT scenario: Triggered if the price decisively breaks below the $76,388.88 support level with heavy selling volume.
Which level do you think $BTC will retest this week? Comment with your prediction!
#BinanceSquare #BTC #Crypto
(Personal opinion, not investment advice - DYOR)
