š¹ Momentum & Market Drivers ⢠Funding rate hovering around ~0.01%, signaling moderate tilt toward longsābalanced, not overheated (). ⢠A breakout above $114k could trigger a 25% rally toward ~$140k, per Rosenberg Research ļæ¼. ⢠Price is consolidating near highs, with reduced volatilityāsetting up for a potential breakout or pullback ļæ¼.
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š„ Quick Trade Plan ⢠Go Long on breakout above $112kā114k, targeting $130kā140k. ⢠Short Scalp if BTC fails to close above $112k and drops below supportāwatch for quick pullback to $108k. ⢠Tight Stops: Use $108k as essential support; if going long, stop-loss just under that level to lock in risk.
š Funding data shows slight bullish sentiment (~0.01%), but not overheatedāfavorable for leveraged positions with proper risk.
š ETH trading ~$2,768 right now on Binance Futures.
š¹ Trend: Bullish bias if ETH holds above $2,750. š¹ Key Resistance: $2,800 ā $2,855 š¹ Breakout Target: $3,100 ā $3,200 š¹ Support Zones: $2,600 ā $2,550
š„ My Take: ⢠Go Long if ETH breaks & holds above $2,800. ⢠Short scalp possible if price rejects below $2,800 ā watch for fast drops toward $2,600. ⢠Big players still short on CME ā risk of a short squeeze if ETH pushes higher.
š”ļø Risk Tip: Tight stops under $2,650 if longing.
š Funding rates slightly positive ā traders leaning long but not overheated yet.
⢠BNB showing strength above $655 support ā bullish momentum intact. ⢠Prefer LONGS as long as price remains over $655. ⢠Only SHORT if BNB breaks below $645 with volume. ⢠Avoid trading the $645ā$655 range unless a decisive move happens.
š¹ Primary Long Setup ā Entry: Hold above $2,600 with steady volume ā Stop-Loss: Below $2,585 ā Targets: $2,630 ā $2,650
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š» Defensive Short Setup ā Entry: Close below $2,585 with strong selling volume ā Stop-Loss: Above $2,605 ā Targets: $2,560 ā $2,540
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ā Summary: ⢠ETH broke above previous resistance and is holding above $2,600. ⢠Prefer LONGS while price stays over $2,600. ⢠Only SHORT below $2,585 if selling pressure builds. ⢠Avoid trading the $2,585ā$2,605 range unless volume confirms direction.
š» Primary Short Setup ā Entry: Close below $108,300 with volume ā Stop-Loss: Above $108,600 ā Targets: $107,800 ā $107,500
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š¹ Defensive Long Setup ā Entry: Close above $109,000 (better confirmation above $109,200) with strong volume ā Stop-Loss: Below $108,600 ā Targets: $109,600 ā $110,000+
⢠BTC rejected near $108,800ā$109,000, showing signs of weakness. ⢠Prefer SHORTS below $108,300 if volume confirms. ⢠Only LONG above $109,000ā$109,200 on solid breakout. ⢠Avoid trading the $108,300ā$109,000 range to reduce chop risk.
#ETH is at $2,545, notably below earlier support zones. The recent drop suggests caution for longs, though a scalp bounce is possible. #DayTradingStrategy #TrendingTopic
ShortāTerm Technical Analysis ⢠Momentum strong: Investing.com shows a āStrong Buyā across 30āÆmin to monthly timeframes, with RSI around 66 (buy territory), MACD bullish, and ADX >āÆ40āall pointing to robust upward pressure ļæ¼ ļæ¼. ⢠Moving averages: All key MAs (5ā200 periods) are aligned bullish on Bitfinex dataāthe fastest crossovers on top ļæ¼. ⢠Chart patterns: Intraday chart pattern analysis highlights common setups like flags, wedges, and breakouts, which often precede rapid moves when confirmed by volume