Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Bitcoin (BTC/USD) Daily Chart Analysis
Bitcoin’s current trading level is around 85,031.69, showing continued bullish momentum as it approaches significant resistance zones.
Key Support and Resistance LevelsResistance:
The nearest resistance level is at 89,895.98. If Bitcoin breaks through this area, it could gain further momentum toward higher targets.
Support: Key support levels include 75,859.76 and 52,082.47. These levels are likely to attract buying interest if there’s a pullback.
Trend AnalysisBitcoin is within a strong ascending channel, as shown by the parallel orange trend lines. The price remains well above the moving averages, reinforcing the bullish outlook. However, as it approaches the upper trend line, there’s a possibility of facing resistance, which might lead to a short-term correction.
Trading Strategy SuggestionBullish Scenario: A breakout above 89,895.98 with strong volume could signal continuation towards new highs.
Bearish Scenario: If Bitcoin fails to break above this resistance and forms a reversal pattern, a correction toward 75,859.76 could be possible.
#Bitcoin BTCUSD #CryptoAnalysis TechnicalAnalysis #DailyChart ResistanceAndSupport #CryptoTrading