BTCUSDT Long Term Trading Strategy

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BTCUSDT chart shows a strong bullish trend after breaking the important resistance. In addition, the price is currently trading above the 34 and 89 EMA, confirming the medium to long-term outlook of the coin.

However, the current bullish momentum could be vulnerable as a close look shows that the price has not been able to break above the $63,000 resistance and is trading steadily around $62,100.

I would now need to act more clearly before confirming a correction to consolidate before buying on a bullish basis.

Trading Strategy: Consider opening a long position when the price approaches or slightly corrects to the EMA, with a carefully placed stop-loss to avoid risks due to unexpected volatility.
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Bitcoin (Cryptocurrency)BTCUSDBTCUSDTbuyChart PatternsForexTechnical IndicatorsSELLsignalsTrend Analysis
Dominic_Bitcoin
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