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* ā ļø Don't Miss This! My Bullish Thesis for $BTC and a Potential Trade Setup
* The Next Big Move? Why BTC/USDT is a Must-Watch This Week
* $BTC Price Analysis: My Entry, Stop-Loss, and Take-Profit Levels
Hey Square Fam! š
The crypto market is showing signs of a potential reversal, and I've been watching the $BTC chart closely. While short-term selling pressure is visible, I see a strong setup forming that could lead to the next big leg up.
Here's my professional breakdown and a potential trade setup for you to consider:
My Key Observations:
* Bounce off Major Support: The price has found support around the MA(99) on the 1h chart, a key long-term trend indicator. A bounce here would signal strong institutional interest at this level.
* RSI Neutrality: The RSI is sitting in the mid-range (46.52), meaning it's not overbought. This leaves plenty of room for a significant move to the upside without immediate retracement.
* Potential Reversal Pattern: We are seeing a short-term pullback to a critical support zone. If this holds, a bullish reversal candle could be the perfect confirmation for a long entry.
š My Personal Trade Plan:
* Entry: I'm looking for a confirmed bounce and a close above the short-term MA(7), ideally around $113,100. A more aggressive entry could be near the MA(99) at $111,700 if it holds.
* Stop-Loss: A tight stop-loss is crucial. I would place mine just below the previous local low, at $108,500, to protect capital.
* Take-Profit Targets: I'll be scaling out profits at key resistance levels.
* TP1: $115,775 (Minor resistance)
* TP2: $121,245 (Recent swing high)
* TP3: $124,474 (All-time high resistance)
Important Reminder: This is my analysis, not financial advice. Always do your own research, use proper risk management, and only trade what you can afford to lose.
What are your thoughts on Bitcoin's next move? Are you bullish or bearish?
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