๐ Key Indicators & Current Context
๐ Price & Trend:
Current Price: $114,654.41 ๐ข (+0.83% in 24h) โ recovering from oversold zone.
Mixed signals:
Trading ๐ป below EMA(7) ($115,045) & EMA(25) ($115,501) โ short-term resistance.
Holding ๐บ above EMA(99) ($108,085) โ long-term bullish foundation.
โ ๏ธ Testing key resistance: $115,000 (24h high) โ breakout could challenge EMAs.
๐ Momentum & Volatility:
RSI(6): 40.95 ๐ โ improving from oversold.
Stochastic RSI: 15.93 (MA: 7.67) ๐ โ bullish momentum building.
Volume:
Current: 1,475 BTC ๐ฝ (โ ๏ธ 88% below MA(5): 12,375 BTC) โ low conviction on recovery.
๐ก๏ธ Support/Resistance:
Immediate Resistance:
$115,000 (24h high) โ $115,045 (EMA7) โ $115,501 (EMA25).
Key Support:
$113,341 (24h low) โ $110,109 (swing)
$108,085 (EMA99) โ ๐ก๏ธ bull market lifeline.
Breakout Levels:
๐ $119,380 โ $123,218
Breakdown Risk:
โ ๏ธ $105,473 โ $100,837
๐ Price Prediction
โณ Short-Term (6โ24h):
Test of $115,000โ$115,045 zone likely.
๐ Breakout: Targets $115,501 โ $116,500
โ Failure: Revisit $113,341
๐ Medium-Term (3โ7 Days):
โ Bullish: Daily close above $115,501 โ $119,380โ$123,218
๐ป Bearish: Below $113,341 โ risk down to $110,109โ$108,085
๐ Long-Term Bias: Bullish above EMA(99) ๐
๐ง Trade Plan
โ Scenario 1: EMA(7) Breakout
Trigger: 15m close above $115,050 + volume >5,000 BTC ๐
Entry: $115,100โ$115,300
๐ฏ Targets:
TP1: $115,501 โ ๐ช 0.3% gain
TP2: $116,500 โ ๐ 1.2% gain
TP3: $119,380 ๐
SL: $114,800
๐ Rationale: Improving momentum + EMA(99) support
โ๏ธ Scenario 2: Range-Bound Fade
๐ป Sell Resistance: $114,950โ$115,000
๐ฏ Target: $113,800 โ $113,341
โ SL: $115,200
๐ข Buy Support: $113,500โ$113,341
๐ฏ Target: $114,500 โ $115,000
โ SL: $113,200
๐ก๏ธ Risk Management
Position Size: โค3% of capital ๐ผ
Risk/Reward Ratio: 1:3 โ
Confirmations:
RSI(6) > 45 + StochRSI > 20
Volume surge > 8,000 BTC ๐
๐ Conclusion
Bias: โ๏ธ Neutral-Bullish โ watch $115,000 zone closely.
Invalidation Levels:
โ Bullish: Close < $113,341
โ Bearish: Close > $115,501
Optimal Strategy:
Trade the range: $113,500โ$115,000
Breakout confirmation above $115,050 โ long
Book 50% profits at TP1 ($115,501)
๐ Events to Watch:
๐ฐ US CPI Data (Aug 5โ6)
๐ฆ ETF Flows (BlackRock/Fidelity)
๐งฎ Mining Difficulty Adjustment (Aug 7)
๐ข Stay updated โ more setups coming!
๐ Follow for real-time trade signals and technical setups.
TRADE FROM HERE ๐ $BTC
