Trade setup: Price remains in an Uptrend. It got rejected 2x at $72K level but as long as it stays above
64K
(prior swing low), its uptrend is intact. We would be buyers near that
64K
support area, with +15% upside potential back to ATH of $74K. Stop Loss (SL) level at $62.7K. The recent approvals of 10 Bitcoin Spot ETFs are working in BTC’s favor. Wanna know which altcoins will benefit from BTC and ETH rise? Read our research report.
Trend: Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is
64K
then $56K - $59K. The nearest Resistance Zone is $74K, then $79K.
64K
(prior swing low), its uptrend is intact. We would be buyers near that
64K
support area, with +15% upside potential back to ATH of $74K. Stop Loss (SL) level at $62.7K. The recent approvals of 10 Bitcoin Spot ETFs are working in BTC’s favor. Wanna know which altcoins will benefit from BTC and ETH rise? Read our research report. Trend: Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is
64K
then $56K - $59K. The nearest Resistance Zone is $74K, then $79K.