• Entry (open position): 105.500 – 106.000
• Stop-loss (cut loss): 107.300
• Take-profit (close position): 102.000 – 100.500
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Technical analysis:
– BTC/USDT on the 4H chart is moving within a narrow range and forming a weak sideways pattern. The price has tested the upper resistance area multiple times but has failed to create a clear breakout.
– Ichimoku Cloud: The red cloud ahead signals that the downtrend remains dominant. The current price is below the cloud, indicating strong resistance to upward movement. The Tenkan and Kijun lines show signs of crossing downwards previously, maintaining a negative divergence.
– MACD: Both the MACD and Signal lines are below the 0 axis and are expanding downwards. The red histogram remains, showing no signs of bullish divergence. This indicates that selling pressure is still dominant.
– Volume Profile and Order Flow:
• The highest liquidity cluster (Volume Profile) is concentrated around the 107.000 – 109.000 area, where the price has been rejected multiple times.
• Two distinct negative delta clusters are -41.509K and -24.801K, indicating that selling pressure is dominant but not strongly resisted by buyers.
• The largest Total Volume cluster near the peak (271.708K) may act as a distribution zone, increasing the likelihood of a downward reversal.
– Price is still being compressed in the support zone around 103.500 – 104.000, but the rebound is not decisive, indicating that buyers no longer have active control. If this zone is lost, BTC could quickly drop to the 100K mark or lower.
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Note: This is not investment advice. Trading needs to combine personal assessment and strict risk management, especially in periods of low volatility and weak market sentiment like now.
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