BTC/USDT Analysis on Binance [1D] - June 18
📈 Current Price: 104,078 USDT (🔴 -0.45%)
📊 Volume: 5,911 BTC (slightly below average)
🌪 Volatility: 2.73% (moderate)
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🔍 Key Signals:
1. 📊 RSI(14): 46.18 (neutral, but leaning bearish).
2. 📉 MACD: Recent bearish crossover, confirming selling pressure.
3. 📌 SMA(50): Price below (104,624 USDT), key resistance.
4. ☁ Ichimoku Cloud: Price below the cloud (medium-term bearish trend).
5. 📊 Volume SMA(9): 5.896K (low volume, lack of conviction in direction).
6. 📌 Parabolic SAR: Bullish signal (possible short-term bounce).
7. ⚠ BBands: Price near the lower band (potential oversold).
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🎯 Possible Scenarios:
- 🔴 Bearish: If the price breaks 103,038 USDT (local support), next target 101,708 USDT.
- 🟢 Bullish: If it bounces and exceeds SMA(50) (104,624 USDT), it could test 105,550 USDT (recent high).
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🛎 Possible Entries:
1. 🟢 Buy (Bounce):
- Entry: 103,500 - 103,800 USDT (support zone + lower BBands).
- SL: 102,390 USDT (below the recent low).
- TP1: 104,624 USDT (SMA50).
- TP2: 105,550 USDT (day's high).
2. 🔴 Sell (Break):
- Entry: If it closes below 103,038 USDT.
- SL: 104,100 USDT (above local resistance).
- TP1: 101,708 USDT.
- TP2: 99,964 USDT (strong support).
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📌 Observations:
- The market is balanced with a bearish bias (MACD, SMA50, Cloud).
- Low volume suggests caution.
- Parabolic SAR and BBands could provide a technical bounce before further declines.
- 🚨 Monitor daily close to confirm direction.
🔍 Wait for confirmation at 103,000 - 104,600 USDT before acting. Trade safe!
Remember:
Cryptocurrency trading involves high risk. (DYOR)
#Analysis_E_tp_sl
vc_custy
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