$BTC
BTC (Bitcoin) market analysis and strategy
š Price: $87,534 (+1.09%)
š Last minimum: $81,200
š Last maximum: $88,931
š MA(7): $87,636
š MA(25): $87,009
š MACD: Momentum is decreasing (-165.5), but in positive territory
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Analysis
⢠BTC was rejected near 88K and is now consolidating around 87,500.
⢠MA(7) and MA(25) are very close, indicating a potential short-term trend change.
⢠MACD is decreasing, but this could just be a consolidation phase.
⢠If it holds above 87,000, it may rise to 88,500+ again.
⢠If it drops below 87,000, the likelihood of moving towards 86,000 - 85,500 is high.
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Strategy
1ļøā£ Long (betting on growth) strategy:
ā Entry: $87,300 - $87,500
ā Stop-loss: $86,800
ā Target: $88,500 - $89,000
Why?
⢠87,000 could be a strong support.
⢠If a purchase is made in the range of 87,300 - 87,500 and it holds above 87,000, this could continue the upward movement.
⢠BTC may test 88,500 again.
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2ļøā£ Short (betting on decline) strategy:
ā Entry: in the range of $87,800 - $88,000
ā Stop-loss: $88,600
ā Target: $86,500 - $85,800
Why?
⢠BTC was rejected from 88K and now there are short-term decline signals.
⢠Selling pressure may increase again near 87,800.
⢠If it drops below 87,000, there is a possibility of declining to 85,800 - 85,500 levels.
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Conclusion
š If BTC drops below 87K ā it is better to short.
š If it holds above 87K ā it is possible to long.
š There is currently a low-risk long opportunity, but caution is needed.
š Manage risk and trade with a strict stop-loss!