In this Bitcoin chart, we see a short-term bullish trend on the 1-hour timeframe, showing three key levels at 92,845.9, 91,169.1, and 86,788.1. The current price is around 87,960 and seems to be moving in a range between the aforementioned support and resistance levels.
Scenario 1: If the price hits the support level of 86,788.1 and holds it, there is a possibility of a reversal and a rise towards the resistance level of 91,169.1. In this case, a good entry point could be near 86,788.1, creating a safe position with a profit limit at 91,169.1 and a stop loss slightly below this level. Do you agree with that? 1 reply
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