$BTC Long hay short here a.e 😆

BTC/USDT is currently trading at 95,009.51, up 1.40% in the last 24 hours. The price is approaching a strong resistance zone near the daily high of 95,046.16, indicating that buying pressure remains dominant.

Price volatility and technical signals:

Nearest support: 93,397.26 (short-term MA) and further at 92,888.00 (daily low).

Short-term resistance: 95,046.16 (daily high) and then at 96,450.00.

RSI: At 87.72, in the overbought zone, warning of potential short-term corrections.

MACD: Still in an upward trend, indicating that buying momentum remains strong.

Trading volume: Stable, supporting the current trend.

Trading strategy:

Entry point: Wait for the price to correct to the support area of 93,500 to enter a buy order.

Take profit: Targeting 96,450 if the price breaks through the resistance at 95,050.

Stop loss: Set below 92,500 to minimize risk if the price sharply reverses downwards.

Capital and emotional management:

Capital management: Allocate a maximum of 20% of capital to this trade due to the market being in the overbought zone.

Emotional control: Avoid fomo buying at high prices. Be patient and wait for the correction to enter trades with a reasonable profit/risk ratio.

Advice for long-term investors:

BTC is showing a strong upward trend but be mindful of short-term corrections to accumulate further in strong support areas.

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