🔵 Perspective on $BTC
Using the Fibonacci pattern on a daily time frame, the price of $BTC could experience a 15% correction, which would take it to $77,000 before continuing a strong bullish move towards $110,000. Here is the breakdown of the analysis and a possible strategy:
Projected BTC Movement
1️⃣ Downward correction:
• Expected range: From its current price (~$90,633), a correction could take BTC to $77,000, following natural retracement patterns in uptrends.
• Importance: Corrections are healthy in bull markets and allow for new entry opportunities.
2️⃣ Bounce and continuation:
• Subsequent Target Zone: Once $77,000 is reached, the bullish momentum could lead $BTC up to $110,000, marking an increase of over 42% from the correction region.
Suggested Strategy for Futures
1. Bearish Phase: Short
• Entry price: ~$90,633.
• Suggested leverage: 5x (moderate depending on your risk tolerance).
• Profit-taking target: $77,000 (taking advantage of the 15% correction).
• Stop loss: Place a stop loss to limit losses if the price breaks through key resistance levels.
2. Bullish Phase: Long (Long)
• Entry Zone: In the region of $77,000.
• Suggested leverage: 3x to maintain a margin of safety.
• Profit-taking target: $110,000, taking advantage of the next projected upward movement.
• Note: Monitor technical indicators and volumes to confirm a possible bounce in the support zone.
Additional Recommendations
• Risk management: Trading with leverage carries greater risks. Never invest more capital than you are willing to lose and use stop losses on every trade.
• Continuous analysis: Stay tuned for global news and events that may influence the cryptocurrency market.
⚠️ Important notice: This analysis is for educational purposes only and should not be taken as financial advice. Volatility can cause significant deviations from these projections. Always do your own research before trading.
