#DayTradingStrategy
#DayTradingStrategy: BTC/USDT – Daily Chart Analysis
Bitcoin (BTC/USDT) continues to show strength on the 1-day chart, currently trading at $108,670. Over the past 24 hours, price action has ranged between $107,903 (low) and $109,684 (high), reflecting healthy volatility for active traders.
From a technical perspective, Bitcoin is trading above all major moving averages:
MA7: $108,269
MA25: $106,276
MA99: Also below the current price
This alignment supports a bullish trend, confirming strong momentum and positive market sentiment. For day traders, the setup suggests potential upside, especially if BTC breaks above the recent high.
However, as always, risk management is crucial. Keep an eye on key support levels and market news, and adjust your strategy accordingly.
