Based on the current movement of Bitcoin (BTC) price, here is a brief analysis and potential recommendation:
*Current Context:
1. **Strong Uptrend**: Bitcoin has risen from ~88K to ~95K (increase ≈ 8%), then experienced a correction to ~91.5K (decline ≈ 3.7%).
2. **Stability and Rebound**: The price is now at ~93K, suggesting the possibility of resuming the uptrend.
**Recommendation:
**1 Enter a Buy (Long) Position
- **Entry Point: at ~93K (or wait for confirmation of breaking resistance at 93.5K).
First Target ~95K (previous resistance)
Second Target 98K-100K (if it breaks 95K strongly)
Stop-Loss: below 91.5K (in case the trend reverses)
*2. Risk Management
*Leverage: Use reasonable leverage (≤5x) due to market volatility.
-Position Size: Do not allocate more than 2-5% of capital for a single trade.
*3. Important Observations
*Technical Indicators
*RSI (14) if above 50 (bullish signal).
*Moving Averages, ensure SMA50 or EMA21 support on the timeframe (4H/1D).
*Trading Volume Increasing volume with the rise supports trend continuity
#4. Alternative Scenarios:
*If the price breaks 91.5K downward, it may target 88K again (avoid buying).
*If it fluctuates around 95K: partial profits can be taken and wait for a clear break
*Conclusion
Bitcoin shows bullish strength after the correction, but cryptocurrency markets are highly volatile. The recommendation is to buy at ~93K with a stop loss below 91.5K**, and target 95K-100K. Monitor indicators and market news (such as liquidity fluctuations.