🚨 VIP Market Update: BTC/USDT is near an important support test! 🚨
Bitcoin (BTC) is currently trading at $64,117.17 (-1.31%) as it takes a correction on the 4-Hour chart. After making a local high at $65,600, some selling pressure appeared in the market.
📊 Technical Levels:
• Key Live Support: The strongest immediate buying support is at MA(25) around $63,899. Holding this zone is extremely important for the market.
• Next Major Support: If the price drops below $63,899, the next major support zone is MA(99) at $62,889.
• Immediate Resistance: The first obstacle level to move back up is MA(7) at $64,423.
💡 Trading Plan (Trade Setup):
📈 Long Position (Bounce Play):
• Entry Zone: The $63,800 - $64,000 area could be a good holding zone for a bounce.
• Targets: $64,800, $65,200, and $65,600.
• Stop Loss (SL): A 4-Hour candle close below $63,500.
📉 Short Position:
• If the price breaks the key support at $63,899 and closes below it on a 4-Hour candle, then the next targets would be $63,000 and $62,900.
⚠️ The market is currently at a critical level, so use lower leverage and keep taking profits!
Can Bitcoin hold the support at $63,900? Share your thoughts below! 👇
#BTC #Write2Earn #BTC
Bitcoin (BTC) is currently trading at $64,117.17 (-1.31%) as it takes a correction on the 4-Hour chart. After making a local high at $65,600, some selling pressure appeared in the market.
📊 Technical Levels:
• Key Live Support: The strongest immediate buying support is at MA(25) around $63,899. Holding this zone is extremely important for the market.
• Next Major Support: If the price drops below $63,899, the next major support zone is MA(99) at $62,889.
• Immediate Resistance: The first obstacle level to move back up is MA(7) at $64,423.
💡 Trading Plan (Trade Setup):
📈 Long Position (Bounce Play):
• Entry Zone: The $63,800 - $64,000 area could be a good holding zone for a bounce.
• Targets: $64,800, $65,200, and $65,600.
• Stop Loss (SL): A 4-Hour candle close below $63,500.
📉 Short Position:
• If the price breaks the key support at $63,899 and closes below it on a 4-Hour candle, then the next targets would be $63,000 and $62,900.
⚠️ The market is currently at a critical level, so use lower leverage and keep taking profits!
Can Bitcoin hold the support at $63,900? Share your thoughts below! 👇
#BTC #Write2Earn #BTC