$BTC
BTC/USDT Trading Analysis & Strategy
Current Price: $111,716.74 (+4.49%)
Market Sentiment: Bullish – RSI at 68.66, nearing overbought zone.
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Key Market Metrics
24H Range: $106,777.10 – $111,980.00
Volume: 38,359.48 BTC ($4.24B USDT) – High liquidity.
Moving Averages:
MA(7) > MA(25) > MA(99): Short-term uptrend confirmed
Price trading above all key MAs: Strong bullish momentum
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Trading Strategy (Not Financial Advice)
1. Short-Term (Scalping/Swing):
Buy on Dips: Ideal entries around $110,283 support or MA25 at $110,548.
Target Profit Zones: $111,980 – $112,479 resistance range.
Stop-Loss: Consider below $110,000 for risk control.
2. Longs Alert:
RSI(6) at 68.66 – Watch for a potential pullback if RSI breaches 70.
3. Trend Confirmation:
MA(7) is acting as dynamic support – bullish bias intact as long as price stays above it.
4. Volume Insight:
Volume declining (161 BTC vs. MA5 at 736 BTC) – Wait for breakout confirmation before entering heavy positions.
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Timeframe Focus
1H & 4H Charts: For tactical entries.
Daily Chart: Uptrend continues – +7.79% weekly, +28.01% monthly.
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Extra Indicators to Watch
MACD / Bollinger Bands: Monitor for divergence or a potential band squeeze.
Set Alerts: Break above $112,500 or drop below $110,000.
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Disclaimer: This is not financial advice. Always do your own research.