$BTC many brothers are shouting Short too early, now holding losses must be tiring, right?
MAIN TREND IS UPTREND :
1. Price is above all EMA lines (EMA5, EMA10, EMA20):
EMA5 = 97,148.2 < Current price = 99,242.1 → indicates strong short-term uptrend.
EMA10 and EMA20 are both trending up → confirms mid-term uptrend.
2. MACD:
MACD (DIF) = 2,943.2 > DEA = 2,797.1 and is expanding → strong uptrend is continuing.
3. RSI:
RSI1 = 78.6 → indicates the market is overbought, but there is no clear reversal signal yet.
4. Bollinger Bands:
Price is near Upper Band (UB = 101,104.8), above the middle of Bollinger Bands (MB = 93,833.7) → indicates very strong upward momentum.
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General assessment:
Main trend: Clear uptrend.
However, RSI is quite high, so do not FOMO at the peak zone, but wait for a pullback signal for a safer entry.
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Entry strategy (Suggested Entry):
Scenario 1: Wait for a slight Pullback then Long according to the trend
Safe entry zone: 96,000 – 97,000 USDT
This is a support zone close to EMA5 & EMA10
Wait for H4 or D1 candles to show a retracement/reversal signal at this zone to enter Long.
Scenario 2: Continued Breakout
If the price breaks 100,000 with high volume, consider buying the breakout with a small volume, stop loss nearby.
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Note:
Always place stop loss below EMA10 (around 95,000 USDT).
Short-term take profit can be in the 102,000 – 104,000 USDT zone if it continues to rise.
