🚨CHATGPT🚀 BASED TRADE PLAN FOR $BTC 🎯💯
■🔑Technical Analysis:-
On the daily chart, BTC/USDT exhibits a strong uptrend, forming higher highs and lows. The RSI is overbought, indicating strong buying momentum. A bullish golden cross has occurred as the 50-day MA crossed above the 200-day MA, supporting further upward movement.
■🌍Sentiment Analysis:-
Market sentiment remains bullish, with call options dominating put options. Open interest in options above $90,000 has surged, reflecting optimism for continued price appreciation.
■📊Open Interest:-
Bitcoin futures open interest has reached $19.8 billion, signaling high market participation. Positive funding rates indicate most traders hold long positions, aligning with the bullish trend.
■🛠Trade Plan with Risk Management:-
Entry: Consider a long position near $94,500.
Target: Set a profit target at $100,000.
Stop-Loss: Place a stop-loss at $90,000 (~4.8% below entry).
■Risk:- Limit position size to 2% of capital.
Prudent risk management is crucial to navigate potential volatility while capitalizing on bullish momentum.