$BTC Based on the 4-hour BTC/USDT chart from Binance, the current market setup shows bullish momentum following a rebound from the recent low of $93,377. BTC has broken above the 25-period and 7-period moving averages, suggesting a short-term bullish trend continuation. For spot trading, a good entry point would be between $96,500 and $96,800, which is near the current market price and aligned with the 7-period MA acting as dynamic support.
A suitable stop-loss should be placed at $93,000, slightly below the recent swing low and the 99-period MA, to protect against downside risk. This level ensures that the trade exits if the price loses the bullish structure.
For take-profit levels, the first target should be around $98,800, close to the recent high and key resistance level. If BTC continues to gain strength, the second target can be set around $100,800, a psychological barrier that could be tested in a bullish breakout.
This trade setup offers a favorable risk-to-reward ratio, with potential upside targets significantly outweighing the downside risk. Monitor volume and candlestick structure for confirmation before entry.