$BTC
Swing trading in Bitcoin (BTC) is my preferred strategy to capture short and medium-term price movements. With BTC trading near $104,500 after a slight drop of 1.2% in 24 hours, according to CoinDesk, my approach combines technical analysis and discipline. I use 50 and 200-day moving averages to identify trends, supported by the RSI to filter out false signals. I look for patterns such as breakouts of resistances ($108,000) or bounces on supports ($102,000) with high volume.
To enter, I wait for clear confirmations, such as a daily close above $105,000, setting a stop-loss at 2-3% below the support. My exit targets previous resistances or a risk-reward ratio of 2:1. Macroeconomic news, such as geopolitical tensions or the approval of Bitcoin ETFs in South Korea for 2025, are key to adjusting positions.
Risk management is essential: I do not trade without clear signals and maintain a trading journal to refine my strategy. With optimistic predictions of up to $205,000 for 2025, swing trading in BTC offers great opportunities.