$BTC
/USDT Technical Analysis & Trade Strategy
Market Overview:
Current Price: $95,523.96
24h High: $96,327.87
24h Low: $93,578.17
Key Support: $94,901.55 (SAR), $93,578.17 (24h Low)
Key Resistance: $95,954.04 (Upper Bollinger Band), $96,327.87 (24h High)
Technical Indicators:
Bollinger Bands (20, 2):
Upper Band: $95,954.04 (Resistance Zone)
Middle Band (MA): $95,366.06
Lower Band: $94,778.09 (Support Zone)
Trade Strategy:
1. Long Trade Entry:
Entry Point: If the price holds above $94,900 (SAR level), consider entering a long position.
Stop Loss: Set a stop loss slightly below $93,578 (24h Low) to protect against significant pullbacks.
Target Levels:
First Target (🎯 1): $95,954.04 (Upper Bollinger Band). A strong resistance level, where you can take partial profits.
Second Target (🎯 2): $96,327.87 (24h High). If the price breaks the first target, this is the next level to aim for.
Third Target (🎯 3): $97,000. If BTC continues to rally, it could reach this psychological resistance level.
2. Short Trade Setup:
Entry Point: If the price drops below $94,900 (SAR level), consider a short position.
Stop Loss: Place a stop loss above $95,954 (Upper Bollinger Band
Target Levels:
First Target (🎯 1): $94,778.09 (Lower Bollinger Band). Look for a potential support zone.
Second Target (🎯 2): $93,578.17 (24h Low). A stronger support zone
Third Target (🎯 3): $93,000. This is a further downside target, based on potential continuation of a bearish trend.
3. Risk Management
Position Sizing: Keep risk per trade around 1-2% of your total capital.
Take Profit Strategy: Use a trailing stop to lock in profits as the price moves in your favor.
Monitor Key Levels: Watch for breakouts above $95,954 (upside) or breakdowns below $94,900 (downside) for a clearer trend direction
Summary:
Bullish Scenario: Look for long trades above $94,900 with targets at $95,954, $96,327, and $97,000.
Bearish Scenario: If BTC drops below $94,900, consider short positions with targets at $94,778, $93,578, and $93,000.
