$BTC #BTC☀ #BULLRUN24 #Everyone #follower #binanceus
**BTC/USDT** pair on Binance, the technical analysis can be broken down as follows:
### Key Indicators:
1. **Moving Averages (MA)**:
- MA(7) = 63,698.44 (yellow line)
- MA(25) = 63,113.96 (pink line)
- MA(99) = 63,037.73 (purple line)
The price is currently above all three moving averages, indicating bullish momentum.
2. **MACD**:
- **DIF** (MACD Line) = 256.15
- **DEA** (Signal Line) = 113.79
- **MACD Histogram** = 142.36
The MACD is showing strong upward momentum, with the MACD line crossing above the signal line, confirming a buy signal.
3. **Volume**:
- Volume shows a slight increase, supporting the current upward movement.
### **Long Entry Point**:
- Since the price is already in an upward trend and above all key moving averages, you could consider **entering long** if the price retraces slightly to around **63,700 - 63,900**, as that level has shown recent support.
- A possible **stop-loss (SL)** for this trade would be below the key support level at **62,500**, as a break below this level could invalidate the bullish trend.
- A potential **take profit (TP)** level for a long position could be around **65,000** or higher, depending on market momentum.
### **Short Entry Point**:
- If the price fails to hold above the current support levels and breaks below **63,000**, you could consider entering a **short** position.
- Set a **stop-loss** slightly above the moving averages, around **64,500**, in case of a false breakdown.
- A reasonable **take profit** for a short position could be around **62,000**, where strong support was seen earlier.
### **Trade Duration**:
- Given the current trend, this looks like a **short-term trade** that could last for **1-3 days**. However, depending on market conditions, you can reassess your positions every 4-6 hours.
### **Plan if Trade Goes Against You**:
- **Reassess Long Positions**: If the price drops below **62,500**, it might indicate a shift in trend. It would be wise to exit the long position and wait for a stronger confirmation of support before re-entering.
- **Reassess Short Positions**: If the price rises above **64,500**, close the short and wait for another breakdown.
### Conclusion:
- **Long** around **63,700**, with TP at **65,000** and SL at **62,500**.
- **Short** if it breaks below **63,000**, with TP at **62,000** and SL at **64,500**.
Always ensure to monitor the market for any changes in momentum and consider moving your stop-loss closer to the price once your position is in profit.
**Disclaimer**: This is not financial advice, and you should consider your risk tolerance and trading strategy before making any decisions.
