$BTC

Bitcoin Futures Trading Strategy (1-Hour Timeframe, 50x Leverage)

Current Price Analysis:

As of the latest data, Bitcoin (BTC) is trading at $94,241.82. This price will serve as our entry point for the futures trade.

Liquidation Price Calculation:

Utilizing a leverage of 50x, the liquidation price can be calculated as follows:

Formula: Liquidation Price = Entry Price - (Entry Price * (100 / Leverage))

Calculation:

100 / 50 = 2%

2% of $94,241.82 = $1,884.83

Liquidation Price = $94,241.82 - $1,884.83 = $92,357.00

Entry, Target, and Stop Loss:

Based on the current market structure and Fibonacci levels, a suggested trading plan is outlined:

Entry Price:

$94,241.82 (current price)

Target Price:

$95,303.81 (Fibonacci R1 level)

Stop Loss:

$90,600.00 (just below the Fibonacci pivot level of $90,792.96)

Technical Analysis:

* RSI (14): 67.74, indicating BTC is in a neutral zone but approaching overbought territory.

* MACD: Positive, with a bullish crossover, suggesting upward momentum.

* Fibonacci Levels:

    * Pivot: $90,792.96

    * R1: $95,303.81

    * R2: $98,090.62

Risk Management:

* Position Sizing: Ensure that your position size does not exceed 10% of your total trading capital.

* Stop Loss: Utilize the calculated stop loss to mitigate potential losses.