i have lost 100$ in morning . what should i do now? should i take short or long ? kindly suggest so i can recover my capital mam

technical analysis and trade signal for $BTC /USDT, based on the current data:


Current Price: $95,617.93

24h High: $98,130.00

24h Low: $95,640.00

Trend Analysis:

Short-Term Trend (15m/1h): The price is currently experiencing a mild decline with a -1.09% drop in the last 24 hours. The short-term momentum is slightly bearish, indicating a potential pullback from recent highs.

Medium-Term Trend (4h/1D): The price has been fluctuating around $95,640-$98,130, showing resistance at higher levels ($98,130). The price is approaching a critical support level at $95,600, indicating a possible bounce if it holds above this level.

Support & Resistance:

Support: $95,600 (strong zone, where buying pressure might pick up)

Resistance: $98,130 (short-term high, watch for break above this for continuation)

Trade Signals:

Buy Signal:

Trigger: A price reversal from the support at $95,600, confirmed by a bullish candlestick pattern (e.g., hammer or engulfing).

Target Levels:

1. First Target: $97,000 (previous resistance zone)

2. Second Target: $98,130 (24h high resistance)

3. Third Target: $100,000 (psychological round number)

Sell Signal:

Trigger: If the price breaks below $95,600 with high volume, a bearish momentum is likely, and a sell signal could be triggered.

Target Levels:

1. First Target: $94,500 (next support zone)

2. Second Target: $92,000 (lower support level)

3. Third Target: $90,000 (psychological support zone)

Momentum:

The current momentum shows slight bearish pressure, with a potential reversal if BTC holds above $95,600.

Indicators to watch:

RSI: If the RSI is below 30, it indicates oversold conditions, suggesting a potential bounce.

MACD: Watch for a MACD crossover to signal bullish momentum if the price reverses from the support.

Key Notes:

Volatility is present with the high volume, so use caution and consider adjusting your stop-loss strategy.

Watch for market sentiment and any significant news events that may impact BTC’s price in the short term.

#ETHOnTheRise #XRPReclaimsTop3