📊 Technical Analysis of Bitcoin (BTC) on 4-Hour Chart 🚀
💎 Long Entry Points:
1️⃣ Entry Level: Breakout above the $100,000 resistance level 💥
Entry Zone: $100,100–$100,200 💎
Stop Loss: $98,500 (Risk ~1.7%) 🚨
Take Profit 1: $102,000 (Profit ~1.8%) 🤑
Take Profit 2: $104,000 (Profit ~3.8%) 💰
2️⃣ Entry Level: Bounce off the $95,000 support level 🔄
Entry Zone: $95,100–$95,200 💎
Stop Loss: $93,500 (Risk ~1.8%) 🚨
Take Profit 1: $97,000 (Profit ~1.9%) 🤑
Take Profit 2: $99,000 (Profit ~4%) 💰
🔥 Short Entry Points:
1️⃣ Entry Level: Rejection from the $100,000 resistance level 🚫
Entry Zone: $99,800–$100,000 💣
Stop Loss: $101,500 (Risk ~1.5%) 🚨
Take Profit 1: $98,000 (Profit ~1.8%) 🤑
Take Profit 2: $96,000 (Profit ~3.8%) 💰
2️⃣ Entry Level: Break below the $95,000 support level 🛑
Entry Zone: $94,900–$95,000 💣
Stop Loss: $96,500 (Risk ~1.6%) 🚨
Take Profit 1: $93,000 (Profit ~2.1%) 🤑
Take Profit 2: $91,000 (Profit ~4.2%) 💰
📈 Volume Analysis:
📉 Current trading volumes show a decline, signaling weak seller activity. However, as BTC approaches key levels, expect a surge in volumes 📊, confirming or rejecting the strength of the price movement.
💡 Recommendations:
✅ Use strict risk management, risking no more than 1–2% of your deposit per trade.
✅ Always place stop-loss orders to minimize potential losses.
✅ Monitor volume changes near key levels for stronger confirmations.
🚀 Remember: Crypto markets are highly volatile! Conduct your own analysis and carefully assess risks before opening any positions. 🌟 Good luck and happy trading! 💎
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