$BTC
Here's a breakdown of the BTC/USDT chart you shared, to help you decide on a strategy for profit:
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1. Current Price & Trend
Current Price: $94,723.14
Change: +0.58% (slightly bullish)
BTC is moving in a sideways consolidation between roughly $92,800 (support) and $95,758 (resistance). Price is currently above the 50 EMA ($92,448), which shows a bullish bias, but the movement is still choppy.
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2. Key Indicators
EMA(7): $94,629.51 (current price just above it)
EMA(21): $94,231.11 (support level)
EMA(50): $92,448.74 (strong support zone)
MACD: Still bearish (MACD = -105.99)
Histogram is flattening, indicating bearish momentum is fading.
RSI(6): 53.89 (neutral)
No strong momentum up or down. Room to go either direction.
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3. Support and Resistance
Immediate Resistance: $95,758
Major Support: $92,800
If BTC breaks $95,758 with volume, a run toward $97,000–$98,000 is possible.
A break below $92,800 could send it toward $91,800 or $90,490.
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4. Profit Strategy
Bullish Scenario (Recommended for Now):
Entry: On a breakout above $95,800 with volume
Target 1: $97,000
Target 2: $98,500
Stop-loss: $94,000
Range Trading (Low-Risk):
Buy near $93,000, sell near $95,700
Stop-loss: Below $92,400
Works if BTC continues sideways
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Conclusion
BTC is in a tightening range, leaning slightly bullish but needs to break $95.8K with volume to continue higher. Until then, range trading is safest.
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