$BTC Trading strategy on the 1-hour timeframe based on current technical indicators and price action:
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1. BTC / USDT Market Overview:
• Current Market Price: $93,173
• Trend: Bullish recovery with momentum building above key EMAs
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2. BTC / USDT Technical analysts:
• Supports:
• $92,311 (EMA50) – dynamic support
• $91,386 – recent swing low zone
• Resistance:
• $93,355 – high liquidity cluster
• $94,904 – last significant rejection point
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3. $BTC / USDT Spot Trading Setup:
• Buy Zone: $92,300–$92,800
• TP1: $93,800 – strong supply reaction
• TP2: $94,500 – previous wick high
• TP3: $95,000 – psychological level and next major resistance
• SL: $91,200 – below swing low and EMA confluence
Best Course of Action:
Buy – Price reclaimed EMA21 with MACD momentum shift and strong RSI structure; buying dips preferred.
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4. $BTC / USDT Futures Trading Setup:
• Long Setup:
• Entry: $92,800–$93,200
• TP1: $93,800
• TP2: $94,500
• TP3: $95,000
• SL: $92,200
• Short Setup:
• Entry: $94,800–$95,100
• TP1: $94,000
• TP2: $93,200
• TP3: $92,500
• SL: $95,500
Best Course of Action:
Long – Indicators show upward momentum resuming; price holds above EMAs with fresh liquidity below, favoring upside targets.
[Note: This post does not constitute financial advice. Please evaluate all risks and make investment decisions based on your own informed judgment.]