🧭 Market Overview
• Bitcoin (BTC): $103,017 (+0.35% 24h)
• Ethereum (ETH): $2,336 (+7.28% 24h)
• Binance Coin (BNB): $640.62 (+2.65% 24h)
The market is in a strong uptrend, especially after BTC surpassed the $100,000 mark and ETH rose over 25% in the past week.
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📊 Multi-timeframe Technical Analysis
Bitcoin (BTC/USDT)
• 15 minutes: RSI ~68, near overbought region; MACD gives a slight bullish signal.
• 1 hour: MACD crosses up, confirming an uptrend; trading volume increases.
• 4 hours: RSI ~70, overbought warning; MACD still maintains a buy signal.
• 1 day: Strong uptrend, RSI ~72; MACD continues to support the uptrend.
Trading Strategy:
• Spot: Wait for a correction to the $100,000 range to buy in.
• Futures:
• Long: Open a position when the price exceeds $104,000, target $106,000.
• Short: If the price drops below $100,000, target $97,000.
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Ethereum (ETH/USDT)
• 15 minutes: RSI ~65, MACD gives a slight bullish signal.
• 1 hour: MACD crosses up, confirming an uptrend; trading volume increases.
• 4 hours: RSI ~68, near overbought region; MACD still maintains a buy signal.
• 1 day: Strong uptrend, RSI ~70; MACD continues to support the uptrend.
Trading Strategy:
• Spot: Wait for a correction to the $2,200 range to buy in.
• Futures:
• Long: Open a position when the price exceeds $2,400, target $2,500.
• Short: If the price drops below $2,200, target $2,100.
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Binance Coin (BNB/USDT)
• 15 minutes: RSI ~66, MACD gives a slight bullish signal.
• 1 hour: MACD crosses up, confirming an uptrend; trading volume increases.
• 4 hours: RSI ~70, overbought warning; MACD still maintains a buy signal.
• 1 day: Strong uptrend, RSI ~72; MACD continues to support the uptrend.
Trading Strategy:
• Spot: Wait for a correction to the $620 range to buy in.
• Futures:
• Long: Open a position when the price exceeds $650, target $670.
• Short: If the price drops below $620, target $600.
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📰 News and Highlights
• BTC: Surpassing the $100,000 mark, trading volume increases significantly; the market expects continued growth.
• ETH: Pectra upgrade is complete, supporting the bullish trend.
• BNB: VanEck files for BNB ETF in the US, creating bullish momentum.
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📌 Conclusion and Recommendations
• The market is in a strong uptrend, however, caution is needed with overbought regions.
• Strategy prioritizes trading with the trend, using support and resistance levels to identify entry points.
• Manage risks tightly, especially in Futures trading.
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