By analyzing deeply techincal indicators:
- Price is below EMA(5) at 119,460 and EMA(10) at 119,344, indicating short-term weakness.
- RSI average ~48.7 shows neutral momentum, not oversold or overbought.
- StochRSI is not overbought, so no immediate strong reversal signal.
- MACD is bullish (DIF > DEA) with no sign of shrinking momentum yet.
Trade plan:
- Entry zone: 117,000–117,800 (support area)
- Take Profit (TP): 121,000–124,474 (resistance zone)
- Stop Loss (SL): 116,000 to limit downside.
So, BTC may dip a bit more before bouncing up to targets. Wait for support zone confirmation before entering.
Lets trade by believing on the above mentioned trade plan, i hope you will get good profit.
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