#HOLDTradingStrategy #DayTradingStratery 📈 Cryptocurrency Market Update – 15/7/2025

Bitcoin (BTC):

Current Price: ~$117,041 USD

Latest High (ATH): $123,218 USD

Nearest Resistance: $120,500 USD

Nearest Support: $115,800 USD

RSI (14): ~70 – overbought zone, warning of short-term correction

MACD: Strong buy signal

ADX: ~54 – strong trendMitrade

Analysis: BTC is in a strong upward trend, but technical indicators suggest the possibility of a short-term correction.

✅ 2. Recommended Actions Today

📌 If already in position (have bought before ATH):

Hold the position: if entry point is below $113,000 and has not hit stop-loss.

Take partial profit: at $119,000 – $121,000 if not taken profit after ATH.

Set trailing stop: around $116,000 to secure profit.

📌 If not in position (have not bought):

Do not chase buy in the range of $118K–$120K: high-risk zone when the market has not established a correction bottom.

Preferred strategy:

Look to buy back in the support zone: $115,500 – $116,500 if there are good price holding signals (pin bar candle, increasing volume).

Wait for a true breakout above $123,000 with large volume to buy according to the new trend.

📌 If day trading (short-term trading):

Scalp Buy: around $116,000 – $116,800, target $119,000, stop-loss below $115,500.

Do not short when the long-term trend is still rising.