To predict the price movement of Bitcoin$BTC on Binance using technical analysis, follow these steps:
Monitor the charts: Look for patterns (triangles, head and shoulders, double bottoms) to anticipate trend changes.
Use indicators: Moving averages (EMA, SMA) for trend, RSI for overbought/oversold conditions, and trading volume for confirmation.
Identify support and resistance: Key points for rebounds or breaks.
Breakout and rebound strategies: Wait for a level to break and retest to avoid false signals.
Choose the time frame: Hourly, daily, weekly based on your trading goal.
Capital management and discipline: To reduce risks and increase profits.
Note: Technical analysis relies on market behavior and may not always be accurate due to volatility