$BTC

$BTC 94,481.81 0.05%

$BTC: The price is fluctuating within a narrow range around $94,600 - $94,700. The market is in an accumulation phase, needing to break through important areas to confirm the next trend.

1. Price Trend

1-hour frame (1H): The current price is $94,619, down 0.78% in the last 24 hours. After hitting support at $93,500, the price is slightly recovering but has not yet surpassed the middle Bollinger Bands line ($94,532), indicating that selling pressure remains. RSI is at 51.21, neutral, with no clear signals about the trend yet.

15-minute frame (15M): Short-term accumulation trend, the price fluctuates around the middle Bollinger Bands line ($94,688). RSI is at 44.28, indicating that selling pressure is dominant but not too strong.

2. Entry Points

Buy Point (Long): Wait for the price to break and maintain above $94,700 with high trading volume, or wait for the price to retest the support area of $94,300 - $94,500 and show signs of a bullish reversal.

Sell Point (Short): If the price drops and breaks through the support area of $93,500, this is a strong signal to open a sell order.

3. Take Profit Levels

Buy Order: Take profit at $95,300 - $95,400 (near resistance).

Sell Order: Take profit at $93,200 - $93,300 (lower support).

4. Stop Loss

Buy Order: Stop loss below $94,200 (breaking the nearest support).

Sell Order: Stop loss above $94,900 (breaking the nearest resistance).

5. Overall Strategy

The price is accumulating in a narrow range, prioritizing waiting for clear confirmation signals at support or resistance areas before entering trades.

Current advice is to withdraw funds and wait for clear signals, do not take risks 50/50

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