$BTC 1. Day Trading:
* Identify Trends: The 15-minute and 1-hour charts (not visible in the image) would be crucial for identifying short-term trends. Look for patterns like bullish or bearish flags, pennants, or channels.
* Use Technical Indicators: Pay close attention to indicators like MACD and RSI to spot potential entry and exit points. Divergence between price and these indicators can signal potential reversals.
* Manage Risk: Set stop-loss orders below recent support levels to limit potential losses. For instance, if there's a strong support level at 94,000, you might set your stop-loss at 93,500.
2. Swing Trading:
* Identify Support and Resistance Levels: Look for areas where the price has bounced off in the past. These levels can act as potential entry and exit points.
* Use Moving Averages: Monitor the moving averages (MA7, MA25, MA99) to identify potential trend changes. A bullish crossover (shorter MA crossing above longer MA) could signal an uptrend.
* Hold Positions Longer: Swing trades typically last for several days or weeks.
3. Long-Term Investing:
* Fundamental Analysis: Research the underlying technology and potential of Bitcoin. Consider factors like network adoption, regulatory developments, and technological advancements.
* Dollar-Cost Averaging: Invest a fixed amount of money at regular intervals to reduce risk.
* Hold for the Long Haul: Long-term investors typically aim to profit from the overall growth of the cryptocurrency market.
Updated Target Price and Sell Price
Given the current price of 95,367.74 and the 24-hour high of 95,397.21, we can set the following:
* Target Price: 96,000 (a realistic short-term target based on the current price action)
* Sell Price: 95,500 (a more conservative