Based on the 4-hour $BTC /USDT

📊 Technical Analysis Summary

Current Price: $106,323.64

Trend: Short-term uptrend after bounce from $100,372.26 support.

Moving Averages:

EMA(7): $105,735.47 (Bullish crossover above EMA25 and EMA99)

EMA(25): $105,091.52

EMA(99): $105,289.89

MACD: Bullish momentum building (MACD line above signal line; histogram rising)

RSI(6): 78.11 – indicates overbought zone (potential pullback or consolidation)

Volume: Declining slightly after recent uptrend – suggests caution

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🟢 Intraday Long Trading Signal

Bias: Bullish with caution (due to RSI overbought)

✅ Entry Point:

Entry Range: $105,900 – $106,200 (wait for slight retracement or break above $106,360)

🔻 Stop-Loss Placement:

Stop-Loss: $104,800 (below recent support and EMA cluster)

🎯 Take-Profit Targets:

1. TP1: $107,250 – near recent resistance

2. TP2: $108,800 – next psychological resistance and prior high zone

3. Aggressive TP3: $111,000 – if momentum continues (watch volume and RSI closely)

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🧠 Trade Management Tips:

If price fails to hold above EMA(7) and EMA(25), consider exiting early.

Monitor RSI: If it remains above 70 and price stalls, consider locking in profits.

Adjust SL to breakeven after TP1 is hit.

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⚠️ Risk Notes:

Overbought RSI indicates potential for a small pullback.

Watch macro events or high-impact news which may cause sudden volatility.