$BTC
/USDT Technical Analysis & Trade Strategy📈📊
Current Market Overview:
Current Price: $105,152.01
24h Change: +3.36%
24h High: $106,648.00
24h Low: $101,534.01
24h Volume:
BTC: 28,251.08
USDT: $2.94B
Average Volume Level (AVL): $105,202.77
Key Technical Indicators:
1. SAR (0.02, 0.2): $104,368.84 (SAR is below the price, indicating a bullish trend).
2. Support Levels: $104,368.84 (SAR) and $102,473.01.
3. Resistance Levels: $106,648.00 (24h high).
Trade Setup
Entry Strategy:
Buy Zone: $104,500 - $105,200 (near SAR and current AVL).
Confirmation: Hold above $105,200 with volume support and a bullish candlestick pattern.
Stop-Loss:
Place a stop-loss at $102,500 to limit downside risk.
🎯 Targets:
1. Target 1: $106,500 – Close to the 24h high.
2. Target 2: $108,000 – Next psychological and technical resistance.
3. Target 3: $110,000 – Extended target on strong bullish momentum.
Indicators Analysis:
SAR: Bullish, with SAR at $104,368.84 supporting the trend.
Volume: Strong 24h volume of $2.94B indicates sustained buying interest.
Bollinger Bands: Expansion indicates potential for further volatility and trend continuation.
Depth: Positive buying pressure of 4.06% supports upward movement.
Risk-Reward Ratio:
Stop-Loss: $102,500
Entry: $105,200
Targets:
Target 1: $106,500 → Risk/Reward: 1:1.5
Target 2: $108,000 → Risk/Reward: 1:3
Target 3: $110,000 → Risk/Reward: 1:5
Summary:
Current Bias: Bullish as long as the price stays above SAR ($104,368.84).
Buy Zone: $104,500 - $105,200 with a stop-loss at $102,500.
Targets: $106,500, $108,000, and $110,000.
Would you like further analysis with MACD or moving averages for additional confirmation?
