Technical Analysis & Best Trade Setup for BTC/USDT (4hours chart)
📝Technical Indicators:**
1. **Moving Averages (EMA):**
- **EMA 7 (105,450.0)** is above **EMA 25 (105,611.4)**, suggesting **short-term bullish momentum**.
- **EMA 99 (105,094.7)** is below the current price (**106,027.6**), supporting the broader **uptrend**.
2. RSI (6): 61.9**
- Indicates the market is **approaching overbought** but hasn’t yet hit the threshold (70), leaving room for upward movement.
3. Other Indicators:**
- MACD (18.7):** Bullish momentum (DIF > DEA).
- Stochastic (K: 46.4, D: 36.5, J: 66.4):** Bullish crossover (J surpassing K/D).
- OBV (-1,961.9):** Weak buying volume, hinting at potential short-term pullback risk.
4. **Key Levels:**
- **Resistance:** 108,682.0 (near-term high).
- **Support:** 104,219.4 (recent swing low).
#### **Optimal Trade Strategy:**
🟢 **1. Long (Buy) Setup:**
- **Entry:**
- Near current price (**106,027.6**) or on a pullback to **EMA 7 (105,450.0)**.
- **Take Profit (TP):**
- **TP1:** 108,682.0 (first resistance).
- **TP2:** 110,913.3 (if breakout confirms).
- **Stop Loss (SL):** Below **104,219.4** (strong support).
🔴2. Short (Sell) Setup (Conditional):**
- **Trigger:** If price breaks **104,219.4** with:
- RSI < 50 and MACD turning negative.
- **Take Profit:** 101,988.0 (next support).
- **Stop Loss:** Above **105,450.0** (EMA 7).
📌 Key Notes:**
- Current bias:** Bullish, but watch for rejection at 108,682.0**.
- **Volume (17.8570)** is below the 5-day average (19.7752**), signaling caution.
- **Risk Management:** Never risk >1-2% of capital per trade.
**🚨Conclusion:**
- **Preferred Trade:** **Long** with targets at 108,682.0 and 110,913.3.
- **Short only if support breaks** with confirmation.
> 🚨Warning:** Market conditions can change rapidly. Always verify signals and manage risk. Trade responsibly!
**Trade Smart. Stay Profitable!** 🚀