$BTC
Entry Strategy:
1. Trend Assessment – The price has risen from 81,200 to 90,897 on the 15-minute chart. This indicates that it is currently in an upward trend.
2. MA (Moving Average) Indicators – The 7, 25, and 99-day MAs are converging, but there is a possibility that the upward movement may continue.
3. MACD – The MACD line shows a decline after the growth phase, indicating that this could be a short-term correction.
Entry Point:
• If BTC drops to the range of $88,500 - $88,000, it may be a good time to go long (buy).
• Stop-loss: $87,000 (if this level is breached, the decline may deepen).
• Take-profit: $91,500 - $92,000 (exit close to the previous high).
Additional Advice:
• If the price rises above $90,000 and consolidates, a breakout strategy can be employed for a short-term long position.
• On a larger timeframe (1d), BTC may be long-term bullish, but short-term volatile movements can be risky.