#DayTradingStrategy #DayTradingStrategy
š BTC/USDT ā 1D Chart Analysis
Current Price: $108,670
24h Range:
High: $109,684
Low: $107,903
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š Technical Overview
ā Price above all key moving averages:
MA7: $108,269
MA25: $106,276
MA99: Also below current price
ā”ļø This confirms bullish momentum and underlying trend strength.
š MACD: Positive crossover recently formed ā bullish signal
š RSI: 57.6 ā in neutral to slightly bullish zone
Not overbought, not oversold ā Balanced, with room for upward movement
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š¢ Long Opportunity
Entry Zone: $108,200 ā $108,600
Target 1: $109,680
Target 2 (Breakout): $111,280
Stop Loss (Daily Close): $107,300
š Price action suggests strong long potential with bullish confirmations from MA, RSI, and MACD.
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š“ Short Setup (Cautious)
Only consider a short position if daily close drops below $107,300
This would invalidate current bullish structure and may signal breakdown.
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š§ Summary
BTC is in a bullish setup on the daily chart:
Holding strong above moving averages
MACD supports upward momentum
RSI indicates room for upside