Here is a very precise analysis of the BTC/USDT situation based on the chart (4-hour interval), with tips for beginners and experts, and identifying entry and exit points:
Technical Analysis:
1. Current Trend:
The price is currently at 103,782.97 and is moving upwards after a strong rebound from the bottom of 100,718.
The moving averages MA7 and MA25 have crossed upwards, which is a positive signal (Bullish Crossover).
The MACD is showing a very clear upward momentum.
There is no strong resistance before the level of 104,600 – 105,800.
2. Important Areas:
Strong Support: 102,700 – 103,200
First Resistance: 104,600
Stronger Resistance: 105,800 (previous peak)
Entry and Exit Recommendations:
For Beginners:
Safe Buy Entry (long): upon breaking 104,600 with a strong 4-hour candle and clear volume.
First Target: 105,800
Second Target: 107,000
Stop Loss: below 103,200
For Expert Traders (more daring):
They can enter now (between 103,500 – 103,800) with a short scalp trade.
Quick Target: 104,600
Tight Stop Loss: 103,000
Strict capital management.
Is there a possibility of a drop?
If the price breaks 103,000 with a strong candle, that is a negative signal.
Then we return to the areas of 101,800 – 100,700
Golden Advice:
> "Do not enter the market based on desire, but through analysis that confirms the market needs you in it."
Do not enter in the middle of the movement.
Do not chase green candles.
Do not ignore the stop loss, it is the key to survival.