Congratulations, great analysis. Next time, don't forget to include how many, x, of leverage.
Ladonna Lovering
--
$BTC ⚠️ UPDATE FOR THE NEXT 12 HOURS
Looking at the BTCUSDT chart on the 15-minute timeframe, here’s a brief analysis for the next 12 hours, including buy/sell entry levels and stop loss (SL): Chart Analysis: 1. Overall Trend: The price shows strong bullish momentum with large green candles and increasing volume. The price is far above the EMA/MA levels. 2. RSI Indicator: RSI is in the overbought zone, around 82, indicating a possible correction or consolidation in the short term. 3. MACD: The MACD histogram indicates solid bullish momentum, but the MACD and Signal lines are nearing an overbought condition. 4. Volume: High volume confirms the strength of the current movement but may decline if consolidation occurs. 5. Support and Resistance: Nearest Resistance: 97,800–98,000 (based on recent price action). Nearest Support: 96,000 (50-MA line as a rebound zone). --- Trading Strategy: Bullish Scenario: If the upward momentum continues: Buy Entry: Around the retracement zone of 96,800–97,000. Take Profit (TP): TP1: 98,000 TP2: 99,200 (if breakout occurs). Stop Loss (SL): 96,400 (below strong support). Bearish Scenario: If the price fails to break the 98,000 resistance and shows a reversal: Sell Entry: After a confirmed bearish candle below 97,200. Take Profit (TP): TP1: 96,400 TP2: 95,800 (200-MA support level). Stop Loss (SL): 98,000 (above resistance). --- Notes: These signals are more suitable for scalping or intraday trading given the 15-minute timeframe. Watch for fundamental news such as macroeconomic events or major cryptocurrency announcements that could affect price movement. If volume decreases, be cautious of potential sideways movement.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.