$BTC is Bullish!!

Short-Term Trade (1-Day Horizon)

Rationale: The 1-day chart for Bitcoin presents a mixed but leaning bullish picture. The Relative Strength Index (RSI) is currently in neutral territory, suggesting neither overbought nor oversold conditions, which allows for potential upside. More decisively, the MACD indicator has recently signaled a buy, indicating a potential shift in momentum to the upside. However, caution is warranted as the shorter-term moving averages suggest some resistance. This trade aims to capture a short-term upward price movement while managing risk tightly.

* Recommendation: Long

* Entry Price: $105,500

* Stop-Loss: $103,800

* Take-Profit: $108,000

* Confidence Level: 65%

The 1-week chart for Bitcoin offers a more confident bullish signal. Both the RSI and MACD indicators are firmly in buy territory, suggesting a sustained upward trend. The price is trading comfortably above key weekly moving averages, which are acting as strong support levels. This confluence of bullish indicators points towards a high probability of continued price appreciation over the coming week.