$BTC
BTC market analysis and strategy (as of 11:42)
š Price: $87,419 (+4.42%)
š Last minimum: $81,200
š Last maximum: $88,931
š MA(7): $87,074
š MA(25): $87,146
š MACD: Negative (-8.6), momentum is decreasing
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Analysis
⢠BTC has been consolidating between 87,500 - 88,000, indicating the consolidation phase is ongoing.
⢠MA(7) and MA(25) are converging, which could signal a trend change.
⢠MACD is decreasing, indicating weakness in short-term growth.
⢠If it drops below 87,000, there is a chance it might fall to the 85,500 - 86,000 level.
⢠If we break above 87,500, it could rise to the 88,500 - 89,000 level.
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Strategy
1ļøā£ Short (betting on a decrease) strategy:
ā Entry: $87,500 - $87,700
ā Stop-loss: $88,200
ā Target: $86,000 - $85,500
Why?
⢠BTC has stalled at 87,500, making it likely to drop from here.
⢠MACD is decreasing, which is a bearish signal.
⢠If it falls below 87,000, it could drop towards 85,500.
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2ļøā£ Long (betting on an increase) strategy:
ā Entry: $87,200 - $87,300
ā Stop-loss: $86,800
ā Target: $88,500 - $89,000
Why?
⢠87,000 - 87,200 serves as a support level, and if it holds, it could move upward.
⢠If it breaks above 87,500, it may test the range of 88,500 - 89,000.
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Conclusion
š If BTC drops below 87,500 ā it's better to short.
š If 87,000 holds ā going long is possible, but the risk is high.
š Currently, a short position appears to be somewhat safer, but caution is needed near 87,000.
š Pay attention to stop-loss and risk management when trading!$BTC