Bitcoin
Long
Aggiornato

Dropped after extreme overbought levels, then continued to rise

195
🔔🔔🔔BTC/USD news:

➡️ Bitcoin hit a new all-time high of $122,500 on Monday, breaking through a key psychological level. The rally was fueled by strong technical indicators and sustained buying pressure. The bullish outlook remains intact, with momentum indicators still showing strength and price action entering a price discovery phase.

Personal opinion:
➡️ BTC is in extreme overbought territory, so the sellers are starting to act. BTC will have a corrective move down before thinking about continuing to increase in price.

➡️ Analysis based on important support resistance and Fibonacci levels combined with EMA to come up with a suitable strategy

Personal plan:
🔆Price Zone Setup:

👉Sell BTC/USD 122,200 - 122,400
❌SL: 122,700 | ✅TP: 121, 600 – 121, 050

FM wishes you a successful trading day đź’°đź’°đź’°
Trade attivo
FM planning remains on trend

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