CryptoLoverArtist
vip

Technicals have turned Bullish BUT due to US/Israel and Iran news and impending attack, BTC and whole market can fall.. so be careful. Here's the technical analysis



Let's dive deep into the charts and recent news to shape a short-term trade setup for #Bitcoin# . My analysis has combined a review of recent CPI‐driven retracements along with technical tools such as MACD, RSI, and key support/resistance levels from multiple sources

---

Bitcoin (BTC) Trade Setup

Recent Context:

Recent news noted that Bitcoin experienced a slight dip after CPI data and is currently consolidating inside a well-defined ascending channel. Despite a bearish crossover lingering on the MACD, the histogram is flattening and the RSI remains around 55. This suggests that while momentum has eased, there isn’t an immediate sign of deeper weakness provided support levels hold.

Technical Setup:

Key Support: Approximately $103,000

- Key Resistance: Around $111,000

Trade Details:

- Entry Price: Look to initiate near $105,000 as price regains footing after a minor pullback to support.

- Stop Loss: Place a stop loss around $102,800—safely below the support zone—to protect against a breakdown.

- Target: Aim for at least $111,000, near the upper boundary of the current channel.

- Confidence Level: 7.5/10

- Rationale: The structure remains bullish if support is held. Technical signals (MACD and RSI) suggest room for a short-term rebound while keeping risk in check.

If US attacks, Bitcoin will fal and give a good chance to buy the dip!

#GENIUS Stablecoin Act Passed#
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 1
  • Share
Comment
0/400
CryptoLoverArtistvip
· 06-19 03:47
keep an eye on resistance levels and the news
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)