๐น Pre-US Market Rebound: BTC saw a slight recovery in the European session, testing resistance at $97,700 and $98,800 twice today. However, it has yet to reach the upper Bollinger Band on the 2-hour chart.
๐ป Short Strategy at Key Resistance
๐ If BTC touches the upper Bollinger Band, consider shorting directly. ๐ The strongest resistance remains at $101,365โas long as BTC fails to break and sustain above this level with high volume, the overall strategy remains selling into strength.
โ ๏ธ If NFP data is stronger than expected, BTC could face additional selling pressure and further downside exploration. โ ๏ธ If the data is weaker than expected, BTC may see a short-term relief rally of 1-2 resistance levels, creating an opportunity to short at higher levels.
๐ Support & Take-Profit Levels
๐น $95,750 โ First major support & key level for short-term profit-taking and potential long entries. ๐น Profit-taking should be prioritized at this level, with stop-loss management in case of a breakdown below.
๐จ Risk Management Tip: Partial profit-taking is crucial at major support levels, and stop-losses should be adjusted accordingly to protect gains. #Million $ANLOG Launchpool Airdrop is Live
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๐ BTC Market Update: Key Levels & Strategy
๐น Pre-US Market Rebound: BTC saw a slight recovery in the European session, testing resistance at $97,700 and $98,800 twice today. However, it has yet to reach the upper Bollinger Band on the 2-hour chart.
๐ป Short Strategy at Key Resistance
๐ If BTC touches the upper Bollinger Band, consider shorting directly.
๐ The strongest resistance remains at $101,365โas long as BTC fails to break and sustain above this level with high volume, the overall strategy remains selling into strength.
โณ Non-Farm Payrolls (NFP) Impact โ 21:30 Tonight
โ ๏ธ If NFP data is stronger than expected, BTC could face additional selling pressure and further downside exploration.
โ ๏ธ If the data is weaker than expected, BTC may see a short-term relief rally of 1-2 resistance levels, creating an opportunity to short at higher levels.
๐ Support & Take-Profit Levels
๐น $95,750 โ First major support & key level for short-term profit-taking and potential long entries.
๐น Profit-taking should be prioritized at this level, with stop-loss management in case of a breakdown below.
๐จ Risk Management Tip: Partial profit-taking is crucial at major support levels, and stop-losses should be adjusted accordingly to protect gains.
#Million $ANLOG Launchpool Airdrop is Live