$BTC /USDT Here’s a pro-level suggestion to enter a trade based on visible technical indicators and price action:
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Current Market Snapshot):
• Price: $97,564
• Recent High: $97,895.68
• 24h High: $97,732
• Parabolic SAR is below the candles – a bullish signal.
• MACD is positive and histogram is fading – momentum may be slowing.
• Stochastic RSI is around 62 – mid-level, with room to move either direction.
• Volume is decreasing – showing weakening momentum.
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Entry Suggestion (Short-Term Swing Trade)
Scenario: Bullish Momentum Continuation
Entry Point:
• Enter a long (buy) trade if BTC breaks and closes above $97,900 (previous swing high).
• This confirms a breakout from current consolidation and continuation of uptrend.
Stop-Loss:
• Place your stop around $95,700, below recent support and Parabolic SAR flip zone.
Take-Profit Targets:
1. TP1: $99,500 (psychological round number and potential resistance)
2. TP2: $102,000 (next likely resistance if momentum continues)
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Alternative Plan: Pullback Buy
If price pulls back:
Entry Point:
• Buy in the zone $96,200–$96,500, near 5 EMA or minor support.
Stop-Loss:
• Below $95,000, or latest swing low.
TP: Same as above.
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Avoid Entry If:
• BTC breaks below $95,000 with strong volume – this may invalidate the bullish setup and suggest a short-term reversal or correction.
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