TIME 4: Predicting the trend $BTC
Btc is currently Sideway around 84~ 85kxxx, so it might be worth considering both Long & Short positions, but caution is required.
Entry, Tp, Sl suggestions when entering orders are as follows:
Long BTC Scenario:
• Entry: 85,200–85,300 (retracement to MA25 – 15m & 1H timeframe)
• Stoploss: Below 84,800
• Take Profit: tp1: 85,800 → Tp2 86,400 → Tp3: 86,800
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Short BTC Scenario:
• Entry: 85,800–85,900 (resistance area near the old peak)
• Stoploss: Above 86,300
• Take Profit: 85,300 → 85,000 → 84,200
👉🏼 SL should be placed slightly away from the key level to avoid being swept.
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Note:
• When the price reaches Tp 1 in either order, close one order for profit.
The remaining order should DCA at a ratio of the new Entry being double the previous Entry.
Example: Long Btc at 85k and take profit at 85,800.
At the same time, Short btc at 85,500 with a volume of $100; when the price rises to 85,800, close the long order and DCA the Short order by $200, making the average price 83,700.
When the price decreases, you can consider gradually taking profits.
• Need to wait for confirmation signals (e.g., reversal candles, decreasing volume, or RSI turning) before entering orders.
👉🏼The above is a personal opinion, not investment advice, so please be cautious before entering any orders.