Bitcoin (BTC) Technical Analysis and Trading Strategy
Bitcoin (BTC) 100% WIN
---
Market Trend
- Long-term: The uptrend is maintained with higher lows.
- Short-term: Price is correcting around the $92,000 support zone after reaching a recent peak near $95,000.
---
Key Price Levels
- Support: $92,000 and $88,000.
- Resistance:** $95,000 and $100,000.
---
Trading Strategy
1. Buy (Long): $BTC
- Entry Point: Near $92,000 with bullish reversal signals.
- Take Profit:
- Target 1: $95,000.
- Target 2: $100,000.
- Stop Loss: $91,000.
2. Sell (Short): $BTC
- Entry Point: Near $95,000 with bearish reversal signals.
- Take Profit:
- Target 1: $92,000.
- Target 2: $88,000.
- Stop Loss: $96,500.