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$SOL
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438
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$BTC BTC/USDT Trade Setup – April 29, 2025 Current Price: $95,159 Market Structure: Consolidation with bullish bias (holding above $93,500 support) Momentum: Neutral to slightly bullish (ETF inflows, positive sentiment) ⸻ Scenario 1: Breakout Trade (Long Position) Setup: Buy if BTC breaks above $95,600 with strong volume. • Entry: $95,650 • Take Profit 1: $96,800 • Take Profit 2: $98,200 • Stop Loss: $94,800 • Risk/Reward: ~1:2.5 Reason: A break above the current resistance signals continuation toward the $100K psychological level. ⸻ Scenario 2: Support Bounce (Long Position) Setup: Buy near support at $93,600, if price bounces with bullish reversal signals (e.g. bullish engulfing on 1H/4H). • Entry: $93,800 • Take Profit: $95,000 – $95,500 • Stop Loss: $92,900 • Risk/Reward: ~1:2 ⸻ Scenario 3: Breakdown Trade (Short Position) Setup: Sell if BTC breaks below $93,500 with high volume. • Entry: $93,400 • Take Profit: $91,500 – $90,000 • Stop Loss: $94,300 • Risk/Reward: ~1:2 Reason: Breaking key support could trigger short-term panic selling or liquidation cascades.
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