BinanceUS

$BTC #BTC☀ #BULLRUN24 #Everyone #follower #binanceus
$BTC
**BTC/USDT** pair on Binance, the technical analysis can be broken down as follows:

### Key Indicators:
1. **Moving Averages (MA)**:
- MA(7) = 63,698.44 (yellow line)
- MA(25) = 63,113.96 (pink line)
- MA(99) = 63,037.73 (purple line)

The price is currently above all three moving averages, indicating bullish momentum.

2. **MACD**:
- **DIF** (MACD Line) = 256.15
- **DEA** (Signal Line) = 113.79
- **MACD Histogram** = 142.36

The MACD is showing strong upward momentum, with the MACD line crossing above the signal line, confirming a buy signal.

3. **Volume**:
- Volume shows a slight increase, supporting the current upward movement.

### **Long Entry Point**:
- Since the price is already in an upward trend and above all key moving averages, you could consider **entering long** if the price retraces slightly to around **63,700 - 63,900**, as that level has shown recent support.
- A possible **stop-loss (SL)** for this trade would be below the key support level at **62,500**, as a break below this level could invalidate the bullish trend.
- A potential **take profit (TP)** level for a long position could be around **65,000** or higher, depending on market momentum.

### **Short Entry Point**:
- If the price fails to hold above the current support levels and breaks below **63,000**, you could consider entering a **short** position.
- Set a **stop-loss** slightly above the moving averages, around **64,500**, in case of a false breakdown.
- A reasonable **take profit** for a short position could be around **62,000**, where strong support was seen earlier.

### **Trade Duration**:
- Given the current trend, this looks like a **short-term trade** that could last for **1-3 days**. However, depending on market conditions, you can reassess your positions every 4-6 hours.

### **Plan if Trade Goes Against You**:
- **Reassess Long Positions**: If the price drops below **62,500**, it might indicate a shift in trend. It would be wise to exit the long position and wait for a stronger confirmation of support before re-entering.
- **Reassess Short Positions**: If the price rises above **64,500**, close the short and wait for another breakdown.

### Conclusion:
- **Long** around **63,700**, with TP at **65,000** and SL at **62,500**.
- **Short** if it breaks below **63,000**, with TP at **62,000** and SL at **64,500**.

Always ensure to monitor the market for any changes in momentum and consider moving your stop-loss closer to the price once your position is in profit.

**Disclaimer**: This is not financial advice, and you should consider your risk tolerance and trading strategy before making any decisions.

$BTC #binanceus #Debate2024 #BTCReboundsAfterFOMC #follower

### **Technical Overview**:
- **Moving Averages (MA)**:
- The price is fluctuating around the short-term MAs (7, 25, and 99), and it appears to have just crossed below the 25-MA (pink), which could signal short-term bearish pressure.
- **MACD**:
- The MACD histogram has shown a slight recovery with green bars, suggesting momentum to the upside is gaining strength but isn't fully confirmed yet.
- The MACD line is still negative, suggesting overall weakness, but we may be seeing a potential reversal.

### **Trade Plan for Long Position**:
1. **Entry Point**:
- Look for a confirmed break above **$63,000**, as this would mean the price has broken through the key resistance levels marked by MAs and previous swing high.
- Ensure strong buying volume for confirmation.

2. **Take Profit (TP)**:
- First target could be **$63,600** (next swing high).
- Next target would be **$64,000** or higher, depending on the momentum strength and confirmation from volume.

3. **Stop Loss (SL)**:
- Place it slightly below **$62,300**, below the recent low of **$62,357.93**, to account for volatility.

4. **Duration**:
- This long position may play out over the next **6 to 12 hours**, but review every hour for confirmation of trend continuation.

### **Trade Plan for Short Position**:
1. **Entry Point**:
- A confirmed break below **$62,350**, which could be a signal of a deeper correction.

2. **Take Profit (TP)**:
- The first target could be **$62,000**, with potential to go as low as **$61,800**, where significant support levels are present.

3. **Stop Loss (SL)**:
- SL should be around **$62,900**, just above the current resistance formed by the short-term MA (25).

4. **Duration**:
- You can expect a **4 to 8-hour** duration if this downtrend continues, but be prepared to cut losses if the price starts showing signs of recovery.

### **Risk Management and Strategies**:
- **If the signal goes against you**:
- **Long Trade**: If the price drops below **$62,300**, close your long position as this would invalidate the uptrend expectation.
- **Short Trade**: If price breaks **$63,000**, consider exiting the short position as this would indicate buyers taking control.

- **General Strategy**: Use trailing stops to protect profits if the trade moves in your favor.

### Summary:
- **Long**: Enter around **$63,000** with targets around **$63,600** to **$64,000**.
- **Short**: Enter around **$62,350** with targets around **$62,000** to **$61,800**.

Always review the price action and volume for confirmation before entering the trade. Would you like further insights on specific signals or strategies?

**Disclaimer**: This is not financial advice. Please make decisions based on your own research.

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This report quickly sparked widespread attention in the community, especially considering that the Trump family previously issued the DeFi project World Liberty Financial (WLFI), leading many to believe that the Trump family wanting to get involved in the exchange business does not seem surprising.