#BTC/USDT Trading Strategy 🔥

Updated Trading Strategy for BTC/USDT

Market Overview

Current Price: $96,450 (+6.97%)

Resistance Levels:

Immediate: $97,000

Stronger: $99,000

Support Levels:

Nearest: $95,000

Key Support: $92,000

Indicator Highlights

RSI (Relative Strength Index):

Current: 67 (approaching overbought, potential for short-term consolidation or profit-taking).

ADX (Average Directional Index):

Current: 24.5 (indicates a moderately strong trend).

Volume:

High at 54.06K, supporting the bullish momentum.

Trading Strategy

1. Short-Term (Intraday or 1-2 Days):

Entry: Buy near $95,000 if support holds.

Targets:

First target: $97,000

Next target: $99,000

Stop-Loss: Set at $94,000 to minimize risks.

2. Mid-Term (1-4 Weeks):

Entry: On breakout above $97,000, look for sustained volume.

Targets:

Initial target: $99,000

Extended target: $102,000

Stop-Loss: Below $95,000 to protect gains.

Action Plan

Monitor RSI: Overbought levels above 70 could signal a reversal or correction.

Volume Confirmation: Ensure rising volume supports breakouts above key levels.

Set Alerts: At $97,000 (resistance) and $95,000 (support) for key moves.

Stick to the strategy and adjust positions as the market evolves. Always adhere to stop-loss levels to safeguard capital.