Overall Trend: Bullish.
Resistance Levels: $110,885, followed by $112,000.
Support Levels: $104,853, then $103,036.
Fear and Greed Index: 70 (Greed), indicating market optimism.
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📈 Suggested Scalping Trade (5-minute timeframe)
> Pair: BTC/USDT
Trend: Bullish, with a potential breakout of resistance.
Strategy: Break the resistance with confirmation from the RSI.
🔹 Entry and Exit Points:
Buy Entry (Long): When the price breaks the level of $110,000 with confirmation from the RSI above 70.
Take Profit (TP): $110,500.
Stop Loss (SL): $109,700.
🔹 Notes:
Entry Confirmation: Wait for a strong green candle to close above $110,000.
Risk Management: Ensure that the risk-to-reward (R:R) ratio is suitable for your strategy.
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⚠️ Important Notice
Trading in the cryptocurrency market carries high risks, especially with scalping strategies. Always ensure strict capital management and do not risk more than 1-2% of your capital on a single trade.
