🔹 1. Identify key support and resistance levels
Based on technical analysis, the following levels can be identified:
✅ Support levels (potential buying spots on dips):
First support: $80,000 → strong psychological level, may see a rebound.
Second support: $75,000 → important historical level, if the price breaks it, it may head to lower levels.
Third support: $70,000 → may be a magnet for large investors (whales).
🚀 Resistance levels (potential selling spots on rises):
First resistance: $86,500 → highest price in 24 hours, may be a good selling point.
Second resistance: $90,000 → if breached, we may witness a rise towards new highs.
Third resistance: $100,000 → strong psychological barrier that may witness wide profit-taking.
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🔹 2. Advanced strategies to benefit from price movements
🟢 A. Entry and exit strategy using "support and resistance"
1️⃣ Buy at support:
When the price reaches the support level of $80,000 - $82,000, buy positions can be opened with a stop loss below $79,000.
The first profit-taking target can be at $86,000 then $90,000.
2️⃣ Sell at resistance:
If the price rises to $86,500 - $90,000, short positions can be opened with a stop loss above $91,000.
The first profit-taking target is at $82,000 then $80,000.
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🔵 B. MACD and RSI strategy to confirm trades
🖥 When to buy?
✅ When the RSI indicator is below 40 and then starts to rise.
✅ When the blue MACD line is above the orange line (bullish signal).
📉 When to sell?
✅ When the RSI indicator is above 70 (overbought).
✅ When the blue MACD line crosses below the orange line (bearish signal).
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🟠 C. "Day Trading" strategy (Scalping & Day Trading)
Exploiting rapid fluctuations between short support and resistance.
Example:
Buy at $81,500
Sell at $83,500
Repeat the process several times a day to achieve quick profits.
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🔹 3. Important tips for success in trading
✅ Use risk management → do not risk more than 2-5% of capital in each trade.
✅ Monitor the news → US Federal decisions on interest rates affect Bitcoin.
✅ Use stop loss to protect capital.
✅ If you are a day trader, do not leave open positions while sleeping (as the market operates 24/7).
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🔥 Final recommendations 🔥
🔹 If you are a long-term investor: wait to enter at $75,000 - $80,000 then sell at $90,000 - $100,000.
🔹 If you are a short-term trader: follow daily support and resistance levels using MACD and RSI strategy to confirm trades.
📉 Do you want to analyze future Bitcoin price trends using historical data? 🚀