BTC INTRADAY

1. Bullish Scenario (Uptrend Confirmation)

Entry: If BTC breaks above 97,830 (first resistance), consider entering a long position.

Target:

First target: 98,680

Second target: 99,520

Stop-loss: Below 96,200 (current support level) to limit risk.

Confirmation: Look for strong bullish candles or increased volume before entering.

2. Bearish Scenario (Rejection from Resistance)

Entry: If BTC fails to break 96,200 and starts declining, consider a short position.

Target:

First target: 94,920 (pivot level)

Second target: 92,650 (major support)

Stop-loss: Above 97,000 to avoid getting stopped out by minor fluctuations.

Confirmation: Look for rejection candles (e.g., doji, shooting star) at resistance levels.

3. Range Trading (Sideways Market)

Buy near support (94,920 or 92,650)

Sell near resistance (97,830 or 98,680)

Stop-loss: 1-2% below/above entry points

Key Indicators to Watch

Volume: High volume near resistance could indicate a breakout; low volume might mean a false breakout.

RSI (Relative Strength Index): If RSI is near 70, BTC might be overbought (sell signal); if below 30, it might be oversold (buy signal).

Moving Averages: If BTC is above the 50-day or 200-day MA, the trend is bullish; below them, the trend is bearish.

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