Jassim Raza

Here’s a snapshot of Bitcoin’s current position: hovering around $105,700, with the intraday range between $100 k and $105.9 k.

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📊 Top Trading Signals for BTC/USD (Daily Timeframe)

1. Moving Averages: Bullish Alignment

TipRanks: 15 moving average indicators signal a Strong Buy, including 50/100/200‑day SMAs and EMAs .

Bitget: 13 out of 15 moving average readings are bullish .

🔹 Signal: Favor long positions, especially on pullbacks to key MAs (~$104k–$106k).

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2. Oscillators: Neutral to Mild Bullish

RSI around 62–66: edging below overbought territory .

MACD positive in TipRanks summary (“Buy”); Bitget’s MACD is bearish on day but neutral overall .

Some indicators (e.g. StochRSI) are overbought; others remain neutral — signaling range-bound momentum .

🔹 Signal: Mixed signals — wait for clearer oscillator confirmation before aggressive entries.

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3. Chart Pattern Potential

Bitcoin is currently consolidating within a descending channel ~ $100k–$107k .

Key levels:

Support: ~$100k — potential bounce point.

Resistance: $107k — breakout would signal strength; failure may retest support .

🔹 Signal:

Bullish: Break above $107k → target $112k (all-time high test).

Bearish: Break below $100k → target next at $92k–$94k .

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🎯 Trade Setup Ideas

1. Medium‑term Long

Entry: $102k–$103k (near support/pullback to MAs)

Stop‑loss: Below $100k

Target: $107k → could extend to $112k on breakout

2. Breakout Long

Entry: On a clean, daily close above $107k

Stop‑loss: $105k

Target: $112k, then trail accordingly

3. Short (Cautious)

Entry: If price breaks and closes below $100k decisively

Stop‑loss: $102k

Target: $92k

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📷 Pattern Reference Charts

Cup & Handle (bullish continuation)

Ascending Triangle break strategies

Wedge patterns – rising/falling breakdowns and breakouts

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✅ Summary & Risk Management

Bias: Overall bullish; price well above MAs and in bullish channel.

Risk controls:

Use tight stop‑losses (~2–3%) with defined entry/exit rules.

Only trade breakouts with volume confirmation.

Confirm signals with secondary indicators (e.g., RSI divergence, MACD cross).
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