Professional trading recommendation on the BTC/USDT pair — "Buying opportunity at correction and target for a new peak"
In light of the volatility in the cryptocurrency market, a new opportunity arises on Bitcoin (BTC/USDT) to take advantage of the current correction before the launch of a new upward wave. We will review a complete trading plan together, from technical analysis to risk management, with clear entry and exit points.
Current price: 96,997.99 USDT (+3.31% in 24 hours)
MACD:
DIF = 15,316 | DEA = 13,378 → Continuing upward momentum but the histogram is declining, indicating an imminent correction.
RSI(6) = 67.19 → Near the overbought zone (70), thus a short drop is expected before resuming the rise.
50-day moving average ≈ 80,000 USDT → Strong dynamic support in case of a price drop.
200-day moving average ≈ 62,000 USDT → Long-term support.
1. Entry point
Initial purchase at 93,000 – 94,000 USDT (expected correction area).
Supplementary purchase upon breaking 97,500 USDT with confirmation of a green daily candle and high trading volume.
2. Stop-Loss
Set SL at 91,000 USDT to ensure capital protection from sudden drops.
3. Take Profit
First target: 109,500 USDT (last peak).
Second target: 114,000 USDT (historical resistance).
3. Risk management and liquidity
Risk not exceeding 2%–3% of capital in a single trade.
Maintain sufficient liquidity to seize sudden opportunities.
Use Limit Orders to reduce the price spread and avoid slippage.