๐ My Current Trading Operation
โ Asset: BTC/USD
๐ Position: Swing Long
๐ฏ Entry Range: $102,600โ$103,000 (recent intraday low)
๐ Stop-Loss: $101,500 (below key technical support)
๐ฏ Profit Target: $106,500โ$107,000 (recent intraday and weekly highs)
๐ง Setup & Reasoning:
Price rebounded off the $102.6k level, which coincides with both the intraday low and the 50โday MA around ~$102k .
Onโchain data shows strong accumulation: a 12% increase in wallets holding over 100โฏBTC in the past week .
Despite macro uncertainties, BTC stability and institutional inflows suggest near-term strength .
Technicals: RSI is currently midโrange (~58), indicating room to run before overbought territory .