Monday, October 28, 2024, here is a Bitcoin trading setup

어제

Buy Position: Around $63,000 if there’s a pullback to this level. This zone is seen as a strong support where buying interest might emerge, supported by recent bullish signals around $62,000 - $63,000.

Sell Position: Consider shorting if Bitcoin approaches $67,244 without breaching resistance, as this area has been noted as a likely reversal point if buying momentum does not continue.

Targets:

For a Long Position:
Target 1 (TP1): $70,000, where initial resistance could appear.
Target 2 (TP2): $72,000 for those looking to hold for a further potential upside, aiming for an 18% return if the trend holds bullishly.

For a Short Position:
Target 1 (TP1): $63,000, aligning with the support zone where buyers might re-enter.
Target 2 (TP2): $61,000 if selling pressure continues below $63,000, breaking the bullish outlook.

Stop-Loss Levels:

For a Long Position: Place a stop-loss at $60,000 to protect against potential downside if the price falls below this significant support.
For a Short Position: Use a stop-loss at $67,500 to mitigate risks if the resistance breaks and bullish momentum strengthens.


Summary:
The overall sentiment for October 28 leans toward a cautious bullish outlook, contingent on Bitcoin holding above $63,000 and breaking past $64,500. Close monitoring is advised, as failure to break resistance or a decline below $60,000 would shift the outlook toward bearis