Trading Strategy Title: BTC/USDT Trading Strategy
1. Current Price: 97,078 USDT
2. Period: 10 Days
3. Trading Direction: Short Position
Technical Analysis and Strategy Logic:
Monthly: Price is approaching the historical high of 104,088 USDT, but the RSI (84.36) shows severe overbought conditions, suggesting a market correction may be imminent.
Weekly: The candlestick closed lower at a high position, RSI retreated to 76.28, and the MACD histogram is narrowing, indicating weakened short-term momentum and potential pullback risks.
Three-Day: Three consecutive bearish candlesticks, breaking below the short-term moving average (MA5), RSI dropping to 66.29, further confirming the adjustment signal.
Daily: Price is hovering around the 97,000 USDT line, but the MACD has formed a death cross, and the RSI has declined to 46.39, indicating a clear short-term downtrend.
Trading Strategy:
Entry Price: 97,000 USDT
Take Profit Price: 94,000 USDT
Stop Loss Price: 98,500 USDT
Position Size: 15%
Leverage Recommendation: 5x
Click below to trade the pair. $BTC
