[BTC ANALYSIS ON 5/6] – SHORT-TERM TRADING STRATEGY
BTC is currently accumulating sideways around the 104.5k – 105.5k range. On the daily chart, the overall trend remains bullish as the price is above the EMA20, however, buying pressure is gradually weakening. The H4 and H1 charts show slight recovery signals with RSI trending upward, and the price bouncing off support and testing the EMA200.
For short-term trading, consider going Long around the 105,000 – 105,200 range, expecting BTC to recover to the 105,800 – 106,400 range, placing a stop below 104,500.
In case BTC fails to break through the 106,000 range and a reversal signal appears, consider reacting with a Short, expecting a correction to 105,000 – 104,200.
Trade cautiously in the sideways range, manage capital tightly. Prioritize short wave trading if there is no clear breakout.
