This report provides Bitcoin technical analysis during the US session, focusing on trading strategies based on resistance and support levels, currently trading at $67247. Prices are trading above most moving average crosses, indicating an upward trend. The MACD indicator shows strength in the positive direction, which enhances the buying power on Bitcoin
Bitcoin technical Analysis strategies based on Buy/Sell levels
| BTCUSD | In case of buying | in case of selling |
| Entry point | 67498 | 66605 |
| Target Point 1 (TP1) | First resistance: 67934 | First support: 66328 |
| Target Point 2 (TP2) | Second resistance: 68014 | Second support: 67894 |
| Stop Loss (SL) | 66605 | 67498 |
For traders looking to take positions in BTCUSD, here are the recommended entry, target, and stop-loss points based on the current market dynamics. If you plan to buy, you should consider entering the market at 67,498 USD. Aim for the first profit target at the first resistance level of 67,934 USD, and set a second target at the second resistance level of 68,014 USD. Place your stop loss at 66,605 USD to limit potential losses. On the other hand, if you decide to sell, initiate your position at 66,605 USD. Set your first target at the first support level of 66,328 USD and your second target at the second support level of 67,894 USD. Adjust your stop loss to 67,498 USD. These strategic points help define clear objectives and manage risk effectively in your trading strategy.
Conclusion
The technical analysis of BTCUSD provides clear trading signals. Buyers should buys at 67,498 USD and target gains at 67,934 USD and 68,014 USD, with a stop loss at 66,605 USD. Sellers should consider entering at 66,605 USD, targeting 66,328 USD and 67,894 USD, with a stop loss at 67,498 USD. This strategic framework helps investors capitalize on market movements, manage risks effectively, and potentially enhance their market performance.
