Since the price broke the resistance of 95,500, it has been moving sideways around 96 ~ 97k. Currently, I am still holding a short-term position and moving the SL up to 96,000 to protect the gains from the 94k3 area, now just continue to ride the profit according to the market's cash flow increase.
💚 If you are in a LONG position from below:
Continue to hold the position, but consider moving the Stop-Loss (SL) up to the $96,000 area to protect profits.
Consider taking profits gradually in the range of $97,800 – $98,500 if signs of weak buying pressure appear.
If BTC surpasses the $98,000 mark, the nearest targets are $99,000 – $100,000.
💚 If you haven't entered a position:
Avoid FOMO at the current high price range.
Look for a price pullback to the range of $96,000 – $96,300 for a better entry point.
Set SL at $95,600 to limit risk.
If BTC breaks below $95,000, you can set up again from the beginning.
📊 Technical indicators to note:
RSI (H1): ~69, close to the overbought zone, warning of a possible correction.
MACD (H1): Still in an uptrend, but needs further monitoring.
Trading volume: Slight increase, supporting the current trend.
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