As of this morning, Bitcoin (BTC) is trading around $108,117, after reaching a new all-time high of over $110,000 in the middle of last week. This is the highest price ever, reflecting market optimism in light of positive moves from the US government and major financial institutions.
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2. Quick technical analysis (H4 frame)
Strong support: $107,000
Near resistance: $110,000
Next resistance: $112,000
EMA20 crosses above EMA50 – bullish signal
RSI ~60 – still room for growth
Volume: slight increase in recent sessions
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3. Personal trading plan
Long strategy:
Entry zone: $107,000 – $108,000
Target: $110,000 – $112,000
Stoploss: below $106,000
Short strategy (if there’s a reversal signal):
Enter if BTC does not surpass $110,000 with decreasing volume
Target: $105,000 – $103,000
Stoploss: $111,000
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4. Small note
Only use a maximum leverage of 10x, prioritize risk management.
Always set stoploss to protect capital.
Keep an eye on macro news and movements from major institutions.
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Conclusion:
BTC is in a strong upward trend, but caution is needed with nearby resistance levels. The trading strategy should be flexible, depending on price reactions at key areas. Always stay updated and manage risks closely for effective trading.
