🧠 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.

#BTC

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