$BTC đ âWatching $BTC Bounce Off the 50âDay SMAâIs This a Swing Entry?â
$BTC has pulled back slightly to around $106,081, right near its 50âday simple moving average (~$100,714)âa classic spring setup on the chart . Itâs trading within a roughly $104kâ$106k range, with daily volume between $38Bâ$40B .
Hereâs my swing play:
1. â Price near 50âday SMA offers a defined entry with a tight stop.
2. â Wait for volume confirmation on breakout above $107kâ$108k (~previous ATH).
3. đ Risk 1â2% of capital, stop just below the SMA or recent swing low.
4. đ Target the next resistance zone, around last weekâs high near $110k.
This keeps emotion out and structure inâpure swing discipline.