BTC/USDC (current price: 96,112.00 USDC)
Based on technical analysis and the indicators shown, here is a strategy for Bitcoin at this price level:
Strategy details:
Buy on breakout (97,000 - 98,000):
If the price breaks the levels near 97,000 with increasing volume, this would indicate a possible bullish move towards 105,000 or higher.
This approach is for a trending bullish market.
Buy on bounce (93,500 - 94,000):
Look to take advantage of a bounce from the 99-period moving average or immediate support.
Target focused on a conservative range if there is recovery.
Buy on low support (91,000 - 92,000):
Accumulate near recent low levels or a key support.
Ideal for those looking for long-term positions.
Key indicators:
Moving averages:
Current price is just at levels between MA(25) and MA(99), indicating consolidation. The breakout of these could signal the next move.
MACD:
Bearish crossover signal, suggesting caution before entering.
Volume:
Recent volumes are moderate, so an entry depends on confirmation of trends.
Long-term projection:
Key supports: 91,000 and 88,000. If lost, it could enter a deeper correction.
Key resistances: 100,000 and 110,000. A breakout above these areas could lead to all-time highs.
