When Bitcoin is trading at 94,488 USDT, the best entry point depends on your trading strategy (short-term, long-term, scalping, etc.), risk tolerance, and market conditions. Here are some key considerations:
1. Immediate Entry Strategies:
Breakout Entry: If BTC has just broken a key resistance level (e.g., 94,500) with strong volume, entering now could capitalize on upward momentum.
Pullback Entry: If BTC is retesting a previous resistance-turned-support (e.g., 93,000–93,500), that could be a safer entry.
Scalping Entry: If you're scalping, you might buy near 94,300–94,400 with tight stops below 94,000.
2. Wait for a Dip (Conservative Approach):
If BTC is overextended (e.g., RSI >70 on 4H), wait for a pullback to:
93,000–93,500 (strong support zone)
91,500–92,000 (next major support if a deeper correction occurs)
3. Key Levels to Watch:
Resistance:
95,000–96,000 (psychological & historical resistance)
97,500–98,000 (next major hurdle)
Support:
93,000–93,500 (immediate support)
91,000–91,500 (stronger demand zone)
4. Risk Management:
Stop-Loss:
Aggressive: Below 93,800 (if entering at 94,488)
Conservative: Below 92,500 (if waiting for a dip)
Take-Profit Targets:
Short-term: 95,500–96,000
Mid-term: 98,000–100,000
Final Verdict:
If bullish momentum is strong, enter now with a tight stop.
If uncertain, wait for a slight pullback to 93,500–94,000 for a better risk-reward ratio.
If expecting a deeper correction, wait for 91,000–92,000 before buying.