1-day chart of BTC/USDT from Binance, technical analysis followed by a spot trading signal setup:
1. Price Action:
Current Price: $84,729.60
24h High / Low: $85,677.99 / $84,678.18
Recent Swing High: $88,765.43
Recent Swing Low: $74,508.00
Price has recently bounced from the $74,500 zone and is consolidating just under resistance levels, showing signs of strength.
2. Moving Averages:
MA(7): $84,499.31 — Supportive, price is trading just above it.
MA(25): $83,106.18 — Strong medium-term support.
MA(99): $90,940.28 — Acts as long-term resistance above current levels.
3. Volume & Trend:
Recent volume spikes show accumulation during the bounce from lows.
Short-term trend is bullish; price is printing higher lows.
Currently in a potential bull flag or consolidation pattern.
4. Support & Resistance:
Support Zone: $82,600 – $83,100 (aligned with MA(25))
Immediate Resistance: $87,000 – $88,765 (recent highs)
Major Resistance: $90,940 – $91,500 (MA(99) zone)
Spot Trading Signal: BTC/USDT
Trade Type: Long (Buy)
Strategy: Trend Continuation with Support Confirmation
1. Entry Points:
Primary Entry: $84,700 – $84,500 (current zone with MA(7) confluence)
Alternative Entry (on dip): $83,100 – $82,600 (MA(25) support)
2. Stop-Loss Placement:
For primary entry: $81,900 (below MA(25) and minor support)
For dip entry: $80,500 (below key support; invalidates setup)
3. Take-Profit Targets:
TP1: $87,000 (resistance zone)
TP2: $88,750 (recent swing high)
TP3 (Optional Extended): $90,900 – $91,500 (MA(99) zone)
Risk-Reward Estimate (Entry at $84,700)
Stop: $81,900 (Risk: $2,800)
TP1: $87,000 (Reward: $2,300) – R:R ≈ 0.82
TP2: $88,750 (Reward: $4,050) – R:R ≈ 1.45
TP3: $91,000 (Reward: $6,300) – R:R ≈ 2.25
Tip: Use partial exits at TP1/TP2, and let a small portion run toward TP3.
Would you like a follow-up strategy if BTC breaks above $91K, or should we prepare a short setup in case of breakdown?