Based on the 4-hour chart of BTC/USDT from Binance, here’s a technical analysis and intraday trading signal using price action, EMA indicators, RSI, MACD, and volume:
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Chart Observations $BTC (4H timeframe):
Current Price: $103,337.19
EMA Trend:
EMA(7): $103,074.26
EMA(25): $103,068.93
EMA(99): $99,525.88
The price is above all major EMAs, suggesting a short-term bullish trend.
MACD: Bearish divergence visible (MACD: -126.84; DIF < DEA). Shows weakening momentum but still range-bound.
RSI(6): 54.55 – Neutral zone; no overbought/oversold signal.
Volume: Moderate but not indicating strong conviction.
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Intraday Trading Signal (Bullish Bias)
Strategy: Buy on minor pullback (trend-following entry)
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Entry Point(s):
Buy Limit Entry: $102,800–$103,000 (support from EMA(7) and consolidation range)
Stop-Loss Placement:
Below recent low: $101,380
(Just below the 24h low & visible support zone)
Take-Profit Target(s):
1. TP1: $104,200 – Near previous 24h high (minor resistance)
2. TP2: $105,800 – Recent swing high
3. TP3: $106,900 – Upper chart resistance zone
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Risk-to-Reward Ratio (approx.):
Risk (Stop): ~$1,600
Reward (TP1-TP3): ~$1,200 to ~$3,100
=> R:R ranges from ~1:0.75 to 1:2
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Trade Management Tips:
Move stop-loss to breakeven once TP1 is reached.
Watch for volume confirmation and MACD crossover on shorter timeframes (15min/30min).
If RSI crosses 70, partial profit booking is advised.