$BTC Technical Analysis Overview:
Trend: Bearish to neutral consolidation. The price has decreased from a peak of 16.44 and is currently consolidating around 10.79.
Moving Averages:
EMA(7) = 10.85 (short-term resistance)
EMA(25) = 11.20 (medium-term resistance)
EMA(99) = 11.59 (major resistance)
The price is trading below all EMAs, confirming bearish momentum.
MACD:
DIF = -0.32, DEA = -0.38, MACD Histogram = 0.06
MACD is attempting a bullish crossover, but momentum is still weak.
RSI(6) = 39.85
Close to the oversold area, indicating potential for a small upward correction.
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Intraday Trading Signals (Short-Term Swing Strategy)
1. Entry Points:
Aggressive Buy Entry: $10.70 – $10.80 (current consolidation zone)
Conservative Buy Entry: On breakout above $11.00 (EMA 25 & psychological round number)
2. Stop-Loss Placement:
Below recent support: $10.50
(This is below the 24-hour low of $10.66 and protects against downside volatility)
3. Take Profit Targets:
TP1: $11.20 (EMA 25 resistance level)
TP2: $11.60 (EMA 99 / stronger resistance zone)
TP3 (extension target): $12.00 (psychological resistance & previous minor peak)
TRUMPUSDT
Perp
10.96
-0.38%