$BTC BTC/USDT, here's a breakdown for the next 12 hours: Observations: 1. Trend (4-hour chart): The price is near a key resistance zone ($96,357), and the candles suggest consolidation after a rally. The Moving Averages (MA 7, MA 25, and MA 99) show bullish alignment but with signs of potential weakening momentum. 2. Indicators: MACD: Histogram shows weakening bullish momentum, with lines close to crossing bearish. RSI: At 48.56, it is neutral but trending slightly downward, indicating indecision. Stochastic RSI: Near the overbought zone (74.79), suggesting possible short-term correction. William %R: At -56.86, it reflects neutral to slightly bearish pressure. 3. Volume: Declining volume suggests reduced buying interest. --- Strategy for the Next 12 Hours: Entry: Buy Entry: $95,800 (just below current price, near MA support). Stop Loss (SL): $95,000 (below recent swing low and psychological support). Take Profit Levels: 1. $96,900 (recent high and immediate resistance). 2. $98,000 (next significant resistance if the rally continues). Alternative Plan: If price breaks below $95,000, it might shift to a bearish trend. In this case: Avoid new buys and wait for consolidation or stronger bullish signals. --- Notes: Watch for MACD crossover confirmation on smaller timeframes (e.g., 1-hour) before entering a position. Use tighter stop loss and risk management due to potential market volatility.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.