#BTC☀ In this updated BTC/USDT chart, BTC is trading close to its 99-period moving average (purple line) and has crossed above both the 7-period and 25-period moving averages (yellow and pink lines). This setup may suggest a potential shift in momentum if BTC can sustain this level or break above the 99-period moving average with increased volume.

Suggested Action:

Buy Position (Long)

Entry:

Consider entering a long position around the current price of 89,227, if BTC maintains stability above the 99-period moving average.

Stop-Loss:

Place a stop-loss just below the recent low or the 7-period moving average (around 88,100) to manage downside risk.

Target:

Set an initial target near the recent high of 93,200 for potential profit.

Monitor the trade closely, especially if BTC struggles to stay above the 99-period moving average. If it fails to hold above this level, it may indicate further consolidation or a potential downward move.