#CryptoReboundStrategy

🚀 Bitcoin: Updated Analysis and Profit Strategies 🪙

Bitcoin ($BTC), the largest cryptocurrency in the market, is currently trading at approximately $$ 97.604. Let's analyze the current scenario and outline potential strategies:

📊 Current Technical Analysis

1. Support and Resistance:

Main Support: $$ 95.000, a crucial level to hold and avoid further declines.

Immediate Resistance: $$ 100.000, the barrier to be broken to confirm an uptrend.

2. Trend:

On the daily chart, BTC is testing the EMA 21 (Exponential Moving Average). Consolidation above this level indicates bullish strength.

On the weekly chart, a potential “ascending triangle” pattern is forming, suggesting a possible breakout to the upside.

3. Indicators:

RSI: Above 50, signaling buyer strength but approaching overbought territory.

Volume: Slightly declining, indicating market indecision.

🧩 Profit Strategies

1. Short Term (Swing Trade):

Entry: $ 98.500 (after confirming the breakout with volume).

Target: $ 102.000.

Stop Loss: $ 97.000.

2. Medium Term (Position Trade):

Entry: If BTC pulls back, enter near $ 96.000 (near support).

Target 1: $ 105.000.

Target 2: $ 110.000.

Stop Loss: $ 94.500.

3. Long Term (Hold):

Implement a Dollar Cost Averaging (DCA) strategy.

Gradually accumulate as long as BTC remains below $ 100.000, targeting the post-2024 halving appreciation.

⚠️ Risk Management

Do not allocate more than 5% of total capital to BTC.

Always use stop-loss orders to limit potential losses.

Stay updated on global events, such as US monetary policy and geopolitical developments, that may impact the cryptocurrency market.

💡 Conclusion:

Bitcoin is showing promising opportunities for traders and long-term holders, especially as the 2024 halving approaches.Keep an eye on key levels and practice disciplined risk management to maximize gains.

What do you think? 🤔