Currently, the price of Bitcoin (BTC) is around 93,528 USD, after reaching a daily high of 94,336 USD and a low of 88,548 USD. Below are some analyses and recommendations on when to enter a BTC trade:
📈 Short-term trading strategy
If the price continues to adjust to the range of 91,500 – 92,000 USD:
Consider buying with the expectation that the price will bounce back.
Set a stop-loss below 90,800 USD to manage risk.
If the price exceeds the resistance level of 94,100 USD:
A breakout buy position can be opened, but it's necessary to monitor trading volume to confirm the upward trend.
🧠 Important note
Always monitor technical indicators and market news to make accurate decisions.
Tightly manage risk by setting stop-losses and not using all capital for a single trade.