$BTC
🧭 If you want to understand the market trend, just analyze BTC’s direction. So let's dive in — follow me…
📊 Based on the current BTC/USDT chart, here is a Long Trade Setup you can consider:
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✅ Trading Plan (Long Position):
📍 Entry Point: Around $117,800
(BTC is currently consolidating near this level, just below recent highs.)
🛑 Stop Loss: $116,100
(Below the 24h low and a key support zone — to limit risk in case of a sudden drop.)
🎯 Take Profit: $123,000
(Near the recent peak at $123,218, a strong resistance where selling pressure previously kicked in.)
📈 Resistance Level:
First: $118,600 (minor resistance to break through)
Major: $123,000 – $123,200
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📊 Technical Snapshot:
MA(7) above MA(25) and MA(99) = Bullish momentum
RSI(6) at 59.72 = Moderate strength, room to grow before overbought
Candlestick pattern = Sideways consolidation after strong uptrend (possible continuation)
📌 Success Probability:
🔥 Long Position: HIGH
Market structure favors buyers
RSI shows strength but not overheated
MA crossover supports upward movement
⛔ Short Position: LOW
Bearish signals are not dominant
No breakdown below key support levels
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💹 Buy or Sell?
✅ BUY (Long bias favored)
Especially if BTC breaks above $118,600 with volume
Monitor volume and RSI for entry timing confirmation
❌ SELL
Only consider if BTC drops below $116,000 with high sell pressure