🧠 Quick Technical Analysis – BTC/USD
Current Price: $107,793
Daily Change: +2,084 (+1.97%)
Current Trend: Strong uptrend followed by a slight correction (bearish candle after the peak)
Candle Pattern: We see a strong gradual rise, followed by a relatively strong red candle – a signal for a correction or temporary profit-taking
Trading Volume: Clear increase in volume with the rise, which is positive, but the last candles indicate a slight decrease in momentum
Nearby Support: 107,400 – 107,200
Nearby Resistance: 108,000 – 108,200
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💡 Short-term Trade Suggestion (Scalping or Intraday)
> ⚠️ Disclaimer: This is an educational example, not investment advice. Please conduct your own analysis.
🔹 Trade Type: Buy (Long position)
🔹 Suggested Entry Point:
If the price returns to the 107,500 – 107,600 area with a positive support candle (bullish confirmation), it is a good entry opportunity.
🔹 Stop Loss:
Below 107,200 (approximately 107,150)
🔹 Take Profit:
Two levels:
TP1: 108,000
TP2: 108,400
🔹 Risk-to-Reward Ratio:
Approximately 1:2 (suitable for short-term trading)
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📊 Additional Notes
Indicators are not activated in the picture, so I recommend using RSI and MACD to confirm signals.
Make sure to monitor the market as the price approaches 108,000 – it may face strong resistance.
Do not enter the trade if the decline continues below 107,200 – this could reverse the trend.