btr opening a long at the current price, stop-loss at 0.03, target 0.04, second target 0.05.
First, look at the volume. It traded $4.97 million in one day, while the entire market cap is only $9.4 million, meaning the turnover rate is over half. More than half of the tokens changed hands in a day, which means big money is active here—not an unattended zombie market.
Next, look at the trend. It has more than doubled in 30 days, building upward step by step rather than shooting straight to the sky in one candle. It started accelerating over the past two days and surged 25% today.
The fundamentals are solid too. It is the first project on the BitVM track to actually be built, enabling Bitcoin to run smart contracts and support lending, with the Bitcoin mainnet still providing the security backstop. It raised $30 million, with Polychain and Franklin Templeton both invested.
The 0.04 level above is the first major round-number resistance. Once it breaks through, the path should clear, with 0.05 as the next level.
Its all-time high was 0.237, and it is still 85% below that level, so there is a lot of room if the move really gets going.
The stop-loss is set at 0.03, which was the level before this acceleration. If it breaks, that means the money pushing it up has withdrawn—I accept that.
I’ve opened a long at the current price and will take half off at 0.04. #BTR $BTR
First, look at the volume. It traded $4.97 million in one day, while the entire market cap is only $9.4 million, meaning the turnover rate is over half. More than half of the tokens changed hands in a day, which means big money is active here—not an unattended zombie market.
Next, look at the trend. It has more than doubled in 30 days, building upward step by step rather than shooting straight to the sky in one candle. It started accelerating over the past two days and surged 25% today.
The fundamentals are solid too. It is the first project on the BitVM track to actually be built, enabling Bitcoin to run smart contracts and support lending, with the Bitcoin mainnet still providing the security backstop. It raised $30 million, with Polychain and Franklin Templeton both invested.
The 0.04 level above is the first major round-number resistance. Once it breaks through, the path should clear, with 0.05 as the next level.
Its all-time high was 0.237, and it is still 85% below that level, so there is a lot of room if the move really gets going.
The stop-loss is set at 0.03, which was the level before this acceleration. If it breaks, that means the money pushing it up has withdrawn—I accept that.
I’ve opened a long at the current price and will take half off at 0.04. #BTR $BTR
