Let's analyze the price of $BTC BTC and the trading strategy with #DioatMan 01h on February 4th. After a crash that caused many people to lose their holiday.
1. Technical analysis of BTC/USDT
Overall trend
• BTC is showing strong signs of decline from the peak of 109.588 USDT, evidenced by continuous price drops and a large bearish candle.
• Currently, the price has recovered slightly from 89.256 USDT to 98.328 USDT, indicating buying pressure but not strong enough to reverse the trend.
Important indicators
• Bollinger Bands (BB): The price just touched the lower band of the BB and bounced back, there may be a short-term recovery.
• Stochastic RSI: Currently in the oversold region (below 20), indicating the possibility of a short-term recovery.
• MACD: Currently below 0 with a large divergence, the trend remains negative.
• RSI (6,12,24): All at average levels (30-50), with no clear reversal signals yet.

2. Trading strategy for BTC/USDT
Short-term strategy (scalping/short-term trade)
• If BTC recovers to the range of 102,000 - 105,000 USDT, consider taking partial profits.
• If the price drops to the support range of 89,000 - 92,000 USDT, you may open a buy position but need to set a stop-loss below 88,000 USDT.

Mid-term strategy
• If you have idle capital, you can gradually buy as the price tests back to 91,000 - 94,000 USDT and hold until the range of 105,000 - 110,000 USDT.

Long-term strategy
• If BTC declines further (below 88,000 USDT), consider risk management, you may transfer part of your capital to stablecoin or buy more if you believe in a strong recovery in the future.

Conclusion
• BTC is in a short-term downtrend, with the possibility of recovery but no clear reversal signals yet.
• If trading short-term, consider buying in the range of 89,000 - 92,000 USDT, taking profits at 102,000 - 105,000 USDT.