Bitcoin 2-21

🔥 Market Overview:
Trend: Bitcoin is testing a breakout from a prolonged consolidation phase, moving above the 200 EMA. Short-term bullish momentum forming.
Key Levels:
Resistance: $98,500 – Psychological barrier and prior rejection zone.
Support: $97,400 – 200 EMA level, previously acting as resistance.
Indicators:
EMA 200: Bitcoin is attempting to reclaim it as support, signaling trend reversal potential.
MACD: Bullish crossover, indicating growing upside momentum.
RSI: 64 – Approaching overbought territory but still has room to push higher.
🔥 Scalping Strategy:
🩸 1. Breakout Scalping

Buy near: $98,000, targeting $98,800.
Sell near: $98,800, targeting $99,500.
Stop-loss below: $97,400 (EMA 200 breakdown).
🩸 2. Momentum Scalping

Ride the upward trend with small pullback entries around $98,200.
Take profits near $98,900 and $99,500.
🩸 3. EMA Scalping

Long entries near: 200 EMA ($97,400).
Exit at: $98,500 resistance.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If Bitcoin holds above the 200 EMA, expect an extended rally toward 100K.
Failure to maintain above $97,400 could trigger a retest of $96,500.
🔥 News & Market Context:
No major bearish catalysts at the moment.
Positive sentiment growing around ETF inflows and institutional accumulation.
Market awaiting confirmation of sustained breakout above $98,500.
🔥 Decision:
🩸 Short-term: Long scalps are favored, as momentum is shifting bullish.
🩸 Mid-term: Needs to hold above 200 EMA to confirm a new rally.
🩸 Ideal Play: Enter on a confirmed breakout or buy dips near EMA support.

👑 Final Verdict:
Bitcoin is approaching a decisive breakout zone. Bulls need to reclaim $98,500 to confirm the trend shift. Scalping longs are profitable while BTC remains above the 200 EMA. If rejected, expect another range-bound move.

🔥 "Victory belongs to those who anticipate the shift before the masses react. The weak wait for confirmation, the strong seize the momentum." 👑