FM-crypto0008

Assalamu Alaikum & Greetings, Binance Square Community!

Here’s a quick but detailed look at Bitcoin’s price action today, based on the latest data from CoinDesk and my own chart analysis on TradingView.

📰 Today’s Key Data
- Current Price:$87,500
- 24h Change:+2.5%
- 24h High:$88,200
- 24h Low:$85,100
- 24h Trading Volume:$42 Billion**

Top News Today:
> Bitcoin surged over 5% during the early European session, briefly touching near $88,200. Analysts attribute the move to positive economic data from the US and growing investor optimism ahead of next week’s Fed meeting.

📈 My Technical Analysis
1. Current Trend:
$BTC is trading in a bullish channel on the 4-hour chart. The price has respected the support trendline multiple times, indicating strong buyer interest near $85,000.

2. Key Levels to Watch:
- Immediate Resistance:$88,200 (today’s high). A break above could target $90,000 psychological level.
- Immediate Support:$85,100 (today’s low). If broken, next support lies at $83,500 (previous weekly low).

3. Indicators:
- RSI (4H): Currently at 62, indicating bullish momentum but not yet overbought.
- Moving Averages: Price is trading above the 50 EMA ( $86,200 ) and 200 EMA ( $84,800 ), confirming short-term bullish structure.

4. Volume Analysis:
Volume spiked during the morning rally, suggesting institutional or large trader activity. Sustained volume above average is needed for a move towards $90K.

🎯 My Take & Outlook
- Short-term: $BTC
looks poised to retest $88,200. If it holds above $87,000, we could see another attempt at $89,000-$90,000.
- Medium-term: The overall trend remains bullish as long as $83,500 holds. A break below could signal a deeper correction.
- Watch Fed comments and US economic data** this week for macro clues.

⚡ Trading Tip
If you’re trading, consider:
- Long entries near $86,500-$87,000 with a stop loss below $85,000 (support break).
- Take profit near $89,500-$90,000.
📢 Final Thought
Bitcoin continues to show strength amid positive sentiment. Always do your own research (DYOR), manage risk, and avoid emotional trading.

Let me know in the comments – where do you think BTC is heading next? 🚀

#Bitcoin #BTC #Market_Update #analysis #BinanceSquareFamily
Note: This is not financial advice. Prices are based on today’s data and may change rapidly. Always verify from multiple sources before making trading decisions.

A fost o dimineață relativ constantă pe piețele cripto pe măsură ce începem săptămâna. Valoarea totală a tuturor criptomonedelor se află în jur de 3,17 trilion de dolari, crescând cu puțin sub 1% în ultima zi.

Bitcoin a avut o volatilitate redusă între aproximativ 91,700 și 94,150 de dolari, și în prezent se află puțin peste 93,300 de dolari. În timp ce $BTC se mișcă modest, acțiunea reală se desfășoară în câteva altcoins—SXP, SAPIEN și VOXEL fiecare a înregistrat creșteri de două cifre, crescând cu până la 48% la vârf.

Câteva subiecte mari sunt în discuție în spațiu astăzi. Minerii de Bitcoin simt o anumită presiune pe măsură ce veniturile scad, în timp ce Solana atrage un interes instituțional notabil după un noiembrie puternic. În domeniul finanțelor tradiționale, discuțiile despre următorul președinte al Rezervei Federale și creșterea randamentelor titlurilor de stat fac ca dolarul american să pară puțin mai moale.