$BTC Trade Signal: Long (Buy) Setup

1. Entry Point:

Buy between $94,300 – $94,700

Price is consolidating near the mid-Bollinger Band (MB: $94,432), showing signs of potential breakout.

RSI is neutral (51.84), suggesting no overbought/oversold condition.

2. Stop-Loss Placement:

Below the lower Bollinger Band or recent support: $93,000

This protects the position in case of a breakdown below the consolidation range.

3. Take-Profit Target:

First Target (TP1): $96,300 – Just below the recent resistance near upper Bollinger Band

Second Target (TP2): $97,500 – A retest of the previous high

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Summary

Risk-to-Reward Ratio (TP1): ~1.6:1

Trade Type: Swing (short to medium term)

Bias: Bullish continuation, unless price breaks below $93,000