BTC/USDT Trade Plan (4H Chart)
Current Price: $95,495.21
24H Change: +1.96%
Volume (24H): 12,781 BTC / 1.21B USDT
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Market Overview
BTC is consolidating near $95,500 after recovering from a low of $92,888. Key levels:
Resistance: $96,000-$98,000.
Support: $92,000-$93,000.
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Trading Strategy
1. Breakout Play:
Entry: Above $96,000 with strong volume.
Stop-Loss: Below $94,500.
Target: $98,000-$100,000.
2. Buy the Dip:
Entry: $93,000-$93,500.
Stop-Loss: Below $92,000.
Target: $95,500-$96,500.
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Technical Highlights
Trend: Slight bullish bias with higher lows.
Indicators: RSI neutral; Volume increasing.
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Risk Management
Position size: Max 2% of capital.
Risk-Reward: Aim for 1:2 or better.
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BTC shows potential for a breakout, but a retracement to $93,000 could offer safer entries. Stick to your plan and manage risks carefully!
Happy Trading!
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