📌 Entry area:
🔹 $96,500 - $97,100
🎯 Targets:
✅ Target 1: $98,000
✅ Target 2: $99,500
✅ Target 3: $101,000
🛑 Stop loss:
🔻 $94,800
---
📊 Technical analysis:
🔸 Bitcoin is recording a strong rebound from the level of $83,111.64 and is approaching a key resistance at $97,895.68.
🔸 RSI (66.00): Close to overbought, indicating strong momentum but may need a slight correction before breaking the resistance.
🔸 MACD is strongly positive (DIF = 407.90), showing a clear widening between its lines, supporting the continuation of the upward trend.
🔸 Stochastic K indicator (77.92) is still within the rising areas, but caution is needed for an upcoming saturation.
🔸 Trading volumes are relatively increasing, supporting the strength of the current movement.
---
📢 Risk management:
✔️ Take profits at each target gradually to reduce risks.
✔️ Move the stop loss to the entry point after achieving the first target.
✔️ Staying above $96,500 enhances the chances of continuing to rise, while breaking below $94,800 may indicate a deeper correction.
---
My opinion:
The price is moving within a clear upward trend with positive signals on most technical indicators.