$BTC
Current Price: $84,577.42
Trend: Consolidation after recent pullback from $85,470.
Support: ~$83,736 (recent 24h low)
Resistance: ~$85,470 (recent 24h high)
Moving Averages:
MA(7): $84,629.42
MA(25): $84,744.87
MA(99): $84,571.89
Price is hovering around all 3 MAs, indicating indecision.
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Trade Strategy:
Scenario: Breakout Trade
Entry (Long):
Buy if BTC breaks above $84,800 with strong volume (confirmation of bullish breakout).
Target 1: $85,200
Target 2: $85,470 (previous high)
Stop Loss:
Below $84,200 (recent consolidation support)
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Scenario: Support Bounce Trade
Entry (Long):
Buy near support at $83,750 - $83,800 if there's a bullish reversal candlestick (like hammer or engulfing).
Target 1: $84,400
Target 2: $84,800
Stop Loss:
Below $83,500
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Scenario: Breakdown (Short):
If BTC drops below $83,700 with strong red volume, it could trigger a short setup.
Entry (Short):
Entry below $83,700
Target 1: $83,200
Target 2: $82,800
Stop Loss: Above $84,100
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Tips:
Watch for volume confirmation.
Combine signals with MACD or RSI if you use them.
Set alerts around breakout levels.