Long Trade for $BTC
2024-10-22

The current price of Bitcoin (BTC) is approximately $67,448. Over the last week, it has shown a 2.20% increase, though it has experienced a 2.90% decline in the last 24 hours

Trade Setup:
Entry Price: Given the recent dip and overall bullish performance over the past week, entering at the current price of $67,448 is reasonable. However, a safer entry could be around $66,900, where recent support has held.
  
Take Profit:

 Primary Target: Aim for $67,823 to capture a moderate gain based on recent resistance levels.
 Extended Target: If bullish momentum strengthens, you could aim for $68,850 where significant resistance is expected.

Stop Loss: Set this at $66,500 to manage risk. If Bitcoin falls below this level, it may signal further downside momentum.

What do you think?