2024-12-21 19:56:06

#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

ETH0.35%

BTC-0.69%

BOME1.51%

SLERF-0.13%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

19 Likes