Buy above 9129. Stop loss at 8503. Take profit at 10222.
Reason for the trading strategy (technically):
We see BTCUSD being held up by its ascending channel where we expect it to rise further. We look to buy above 9129 (horizontal pullback support) where price is expected to rise to its resistance at 10222 (100% Fibonacci extension, 61.8% Fibonacci extension, horizontal overlap resistance).
RSI (55) is being held up by an ascending line and ichimoku cloud is showing signs of bullish pressure which contributes to our bullish bias.
Reason for the trading strategy (technically):
We see BTCUSD being held up by its ascending channel where we expect it to rise further. We look to buy above 9129 (horizontal pullback support) where price is expected to rise to its resistance at 10222 (100% Fibonacci extension, 61.8% Fibonacci extension, horizontal overlap resistance).
RSI (55) is being held up by an ascending line and ichimoku cloud is showing signs of bullish pressure which contributes to our bullish bias.