$BTC

Scenario for today (April 29)

BTC

86,870.38

-2.41%

1. LONG scenario (bounce trade)

Entry: if the price consolidates above $94,450 on increased volume (reversal signal)

Stop-loss: $94,100

Targets (Take-Profit):

TP1: $94,700 (MA(7))

TP2: $94,950 (to MA(25))

> Remember: this is only a counter-trend trade, so the risks are high — it is advisable to reduce the trade volume!

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2. SHORT scenario (trend following)

Entry: after a downside breakout and consolidation below $94,200

Stop-loss: $94,450

Targets:

TP1: $94,000

TP2: $93,750

TP3 (max.): $93,400 (local minimum of April 28)

> RSI still has room for further decline, and strong volumes on red candles confirm this.

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Summary:

Advantage on the side of sellers

Key support level — $94,200

Short potential is better than long