Bitcoin Up: Swing Trade Opportunity and Strategic Spot Purchase
Chart: BTC/USDT | 1D | Binance
Current Price: $105,588
Trend: Bullish | +41% in the last 30 days
Technical Analysis:
EMA(7): 104,330
EMA(25): 99,577
EMA(99): 92,627
RSI(6): 68.52 — in high neutral zone, close to overbought
MACD: Still positive, but with signs of deceleration
Stoch RSI: 49.06 — may indicate slight correction before new momentum
Key Levels:
Resistance: $107,108 (recent local top)
Support: $101,500 (important retest level)
Golden Zone for Entry (spot): $98K – $101K
Target for Swing Trade: $110K – $115K
Suggested Stop Loss: 5% below the entry (e.g., $96K)
Personal Tip:
If BTC corrects in the coming weeks, the range between $98K and $101K represents a good spot entry opportunity, with expectations of upward movement. The outlook remains optimistic, but careful entries on pullbacks are safer for swing trading.
Disclaimer:
This content is not financial advice. Always do your own analysis and manage your risk.
