$BTC is trading around $81,400 – $82,100.
The chart is still looking okay overall.
Price is holding above the important $80,000 area and the 50-day moving average. This level has been acting like a floor for the past few days.
What’s happening on the chart?
Bitcoin is forming a falling wedge (a pattern that often leads to a bounce) and also a bull pennant near the $83,600 area. These are usually bullish signs if price can break higher.
Important levels to watch (highlight spots)
Support (buy zones):
$81,300 – $81,400 (first support)
$80,000 – $80,600 (very strong support – this is the main line in the sand)
Below $80,000 would be bad and change the picture
Resistance (sell / breakout zones):
$82,800 – $83,000 (first resistance)
$83,500 – $83,600 (key breakout level)
$85,000 (next target if it breaks)
$87,000 – $87,500 (bigger target)
$93,000 – $97,500 (long-term measured move if everything goes well)
Simple risk rules
Never risk more than 0.5% to 1% of your account on one trade Always use a stop loss Take some profit at the first targets and let the rest run Move your stop to break-even once the trade is in good profit
Bottom line
As long as Bitcoin stays above $80,000, the bigger picture remains bullish.
A clean break and hold above $83,600 would open the door for a stronger move higher.
Trade carefully and manage your risk.
Not financial advice. Always do your own research.
#bitcoin #BTC #crypto #cryptotrading
The chart is still looking okay overall.
Price is holding above the important $80,000 area and the 50-day moving average. This level has been acting like a floor for the past few days.
What’s happening on the chart?
Bitcoin is forming a falling wedge (a pattern that often leads to a bounce) and also a bull pennant near the $83,600 area. These are usually bullish signs if price can break higher.
Important levels to watch (highlight spots)
Support (buy zones):
$81,300 – $81,400 (first support)
$80,000 – $80,600 (very strong support – this is the main line in the sand)
Below $80,000 would be bad and change the picture
Resistance (sell / breakout zones):
$82,800 – $83,000 (first resistance)
$83,500 – $83,600 (key breakout level)
$85,000 (next target if it breaks)
$87,000 – $87,500 (bigger target)
$93,000 – $97,500 (long-term measured move if everything goes well)
Simple risk rules
Never risk more than 0.5% to 1% of your account on one trade Always use a stop loss Take some profit at the first targets and let the rest run Move your stop to break-even once the trade is in good profit
Bottom line
As long as Bitcoin stays above $80,000, the bigger picture remains bullish.
A clean break and hold above $83,600 would open the door for a stronger move higher.
Trade carefully and manage your risk.
Not financial advice. Always do your own research.
#bitcoin #BTC #crypto #cryptotrading