Trading Analysis 101: Bitcoin (BTC/USDT) Long and Short Entries

$BTC Long Entry Setup

- Entry Range: $80000 - $81000

- This entry zone is positioned near the 200-day Moving Average (MA), which serves as a dynamic support level, and is historically a strong support area.

- Stop Loss: $70000

- Place your stop loss below the recent low to mitigate risk in case of a reversal. This is a strategic placement to minimize losses while allowing for price fluctuations.

- Take Profit Targets:

- TP1: $86000

- First resistance level. This target allows for a secure profit while evaluating market conditions.

- TP2: $89000

- Recent 24-hour high. Hitting this level indicates bullish momentum and validates further upward movement. $BTC