Overview
1. Price Action
Current Price: $110,301.54
4H High: $110,530.17
Recent Low: $100,372.26
BTC has shown a strong bullish move from the $100,000 level after a period of consolidation, indicating renewed upward momentum.
. Indicators
EMA(7): $107,874.68
EMA(25): $106,153.51
EMA(99): $105,873.97
→ The price is trading above all major EMAs, which are aligned in a bullish formation, confirming strong upward momentum.
MACD: DIF 979.30, DEA 529.51
→ Bullish crossover with a widening histogram – positive signal for continued upward movement.
RSI(6): 90.13
→ The RSI is in extreme overbought territory, suggesting a potential short-term pullback.
Volume: Increasing – supports the strength of the recent buying pressure.
Intraday Trading Plan – Bullish Setup
✅ Entry Options:
Primary Entry: On a minor pullback to the support range of $108,500–$109,000.
Aggressive Entry: On a breakout above the recent high at $110,530.
❌ Stop-Loss:
Place just below the last minor consolidation support zone: $107,000
🥅 Take-Profit Targets:
TP1: $111,500 – Previous local high
TP2: $112,500 – Next key resistance zone
TP3 (Extended Target): $114,000 – Psychological level + Fibonacci extension
⚠️ Notes:
RSI is extremely overbought, so chasing price at current levels comes with higher short-term risk.
Safer entries would be near the EMA levels or on a confirmed breakout above resistance.
Watch volume closely — a breakout with declining volume could be a trap.
Summary – Trading Signal
Signal Type: Long (Bullish)
Entry Range: $108,500–$109,000 or breakout above $110,530
Stop-Loss: $107,000
Targets:
TP1: $111,500
TP2: $112,500
TP3: $114,000
Risk Level: Medium to High (due to overbought RSI)
