Analysis and Forecast of BTC/USDT in the Next 3 Days
Timeframe 1 Day (1D)
- EMA(34) at 100,622 USDT, EMA(89) at 93,848 USDT: The price is above both of these lines, indicating that the medium-term uptrend is still being maintained.
- RSI(6) = 58.77: Not in the overbought zone, still has potential for continued price increase.
- Trading volume remains stable, no signs of strong bearish divergence.
- Important resistance: 106,500 - 109,000 USDT, strong support around 100,000 USDT.
Timeframe 4 Hours (4H)
- EMA(34) at 103,719 USDT, EMA(89) at 102,726 USDT: The price is maintaining above both lines, showing that short-term strength remains positive.
- RSI(6) = 48.72: Close to the neutral zone, indicating that the market is not overbought or oversold, potential for continued strong volatility.
- Low but stable volume, indicating that selling pressure is not significant.
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Trading Strategy
Scenario 1: Price continues to rise to test resistance
- Entry Point (Buy)
- Enter around the support zone **103,000 - 103,500 USDT.
- Take Profit (TP1): 106,500 USDT, (TP2): 109,000 USDT
- Stop Loss (SL): 100,000 USDT
Scenario 2: Price experiences a strong downward correction
- Entry Point (Sell) if the price breaks below 103,000 USD:
- Enter sell around 102,500 USDT when confirming a strong bearish candle.
- Take Profit (TP1): 100,000 USDT, (TP2): 98,000 USDT.
- Stop Loss (SL): 104,500 USDT
Risk Management Note:
- Adjust trading volume according to risk tolerance.
- Monitor the RSI and trading volume, if the RSI exceeds 70 or falls below 30, consider exiting the position.
- Update the plan if the market has unexpected news.
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