๐Ÿ“Š Key Indicators (BTC, 4H):

Current Price: 113,361.98 USDT

24h Low: 113,262.00

24h High: 115,720.00

Recent local low: 111,920.00

Bollinger Bands:

Upper Band (UP): 116,228.22

Middle Band (MB): 114,276.80

Lower Band (DN): 112,325.39

RSI (6): 34.71 โ€” approaching oversold territory

MACD: showing early signs of bullish crossover

Stoch RSI: 38.53 โ€” neutral zone

๐Ÿ“ˆ Entry Strategy

BTC is currently trading **below the middle Bollinger Band**, and slightly above the lower band. RSI and MACD suggest a potential bounce or short-term recovery.

A **Buy entry** is possible now, but a more conservative trader might wait for confirmation of a reversal.

๐Ÿ“‰ Stop Loss

๐Ÿ”ป Recommended Stop Loss Level:

**111,800 โ€“ 111,900 USDT**

* Just below the recent swing low of 111,920.00

* This helps avoid getting stopped out by short-term volatility while protecting you in case of breakdown.

๐ŸŽฏ Take Profit

Your TP target depends on your trading style:

๐Ÿ”น Conservative Take Profit:

114,200 โ€“ 114,300 USDT

(near the middle Bollinger Band)

* This is the first significant resistance area.

* Offers a risk/reward ratio close to 1:1.

๐Ÿ”น Aggressive Take Profit:

116,000 โ€“ 116,200 USDT

(near the upper Bollinger Band)

* Aiming for higher profits on a strong bounce.

* Risk/reward closer to 2:1.

*Not a financial advice. DYOR

#btcanlaysis

$BTC