BTC Trade analysis, where to short and long?

BTC/USDT Trading Analysis

Current Price: 105,072.00 USDT (-0.34% in 24h)

Key Levels:

- 24h High: 106,244.03

- 24h Low: 104,118

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#Technical Analysis

1. Trend & Structure:

- Price is consolidating near 105,000, below the 24h high (106,244) and above the 24h low (104,118).

- The chart shows a recent downtrend from ~110,500 (June 7 peak) to current levels.

- Immediate Support: 104,118 (24h low).

- Immediate Resistance: 106,244 (24h high), then 107,500.

2. Trading Signals:

- Long (Buy) Setup:

- Entry Zone: 104,118–104,500 (strong support).

- Why? Rebound potential from 24h low + psychological support at 104,000.

- Confirmation: Wait for bullish reversal candlestick (e.g., hammer) or RSI >30 (oversold).

- Targets: 106,244 (24h high) → 107,500.

- Stop-Loss: Below 103,800 (risk: ~0.5-1%).

- Short (Sell) Setup:

- Entry Zone: 106,000–106,244 (resistance).

- Why? Rejection near 24h high + downtrend continuation signal.

- Confirmation: Bearish rejection candle (e.g., shooting star) or RSI <70 (overbought).

- Targets: 105,000 → 104,118 (24h low).

- Stop-Loss: Above 106,500 (risk: ~0.3-0.5%).

3. Risk Management:

- Volume Insight: Low 24h volume (4.568K BTC) suggests cautious momentum.

- Volatility Alert: Break below 104,118 could trigger further drops to 102,500 (next support). Break above 106,244 opens path to 107,500.

- Indicator Cues:

- RSI: Near 50 (neutral) – wait for divergence.

- MACD/KDJ: Use crossovers for confirmation (not visible in screenshot).

Caution:

- Consolidation near 105k may precede volatility – wait for confirmation.

- Avoid trading during low-volume periods (Asia session).

Disclaimer: Not financial advice.

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