$BTC
Current Technical Outlook
• Price: ~$103,617
• Trend: Strong uptrend (price above EMA25)
• EMA25: ~$95,343 – this is your dynamic support
• Resistance Level: ~$106,508 (recent high)
• Support Level: ~$99,800 (recent low after breakout)
Buy Signal Evaluation
• The current price is consolidating after a strong bullish move, forming a small range.
• RSI(25) is at 65.49 – not overbought yet but getting closer.
• No major bearish reversal pattern is visible on this chart.
Conclusion: Yes, you can consider buying, but position sizing should be cautious since the price is near recent highs.
Suggested Trade Setup
• Buy Entry: Around current price ($103,600)
• Take Profit (TP):
• 1st Target: $106,500 (recent high/resistance)
• 2nd Target: $110,000 (psychological level and extension if momentum continues)
• Stop Loss (SL):
• Tight SL: $99,800 (below recent support)
• Loose SL: $95,000 (below EMA25, safer but riskier in terms of drawdown)
