Market Update: Bitcoin has climbed to the $97,000 mark, showing strong bullish momentum. With market sentiment favoring continued upside, we’re closely monitoring critical levels for potential trades.
Current Levels to Watch:
Support: $95,000
Resistance: $100,000
Recommendation:
Long Position: If BTC breaks above $100,000 with strong volume and confirms the breakout, consider entering a long position targeting $105,000–$110,000.
Short Position: If BTC fails to break $100,000 and retraces below $95,000, a short position targeting $92,000–$90,000 may be viable.
Risk Management:
Use a stop-loss at $94,500 for long positions and $96,500 for short positions to minimize risk.
Limit position size to 3–5% of your portfolio to avoid overexposure.
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Technologyinfo
· 2024-12-21 20:05
the rise continues its path, market correction is inevitable
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GateUser-e6232753
· 2024-12-21 20:00
i will open a short position with 5 stop loss and 10 profit ,! thank you
#ETH #BTC #BOME #SLERF #DOGE
Market Update:
Bitcoin has climbed to the $97,000 mark, showing strong bullish momentum. With market sentiment favoring continued upside, we’re closely monitoring critical levels for potential trades.
Current Levels to Watch:
Support: $95,000
Resistance: $100,000
Recommendation:
Long Position: If BTC breaks above $100,000 with strong volume and confirms the breakout, consider entering a long position targeting $105,000–$110,000.
Short Position: If BTC fails to break $100,000 and retraces below $95,000, a short position targeting $92,000–$90,000 may be viable.
Risk Management:
Use a stop-loss at $94,500 for long positions and $96,500 for short positions to minimize risk.
Limit position size to 3–5% of your portfolio to avoid overexposure.
what do you think ? comment below your insights