$BTC Complete Trading setup ,Pump Or dump ?
Here is the complete answer 🚨🚨🔥
✔️Support and Resistance Levels
1. Resistance Levels:
First Resistance (R1): $99,550 (24-hour high).
Second Resistance (R2): $103,248 (next key resistance based on the chart).
Third Resistance (R3): $108,350 (recent swing high).
✔️2. Support Levels:
First Support (S1): $92,232 (recent low on the chart).
Second Support (S2): $91,426 (historical level visible below).
✔️Short and Long Entry Points
⤴️⤴️1. Long Position Entry:
Enter around $92,500–$93,000 if the price bounces off the support at $92,232, confirming a reversal.
Confirm with higher volume and bullish candlestick patterns.
⤵️⤵️2. Short Position Entry:
Enter around $97,500–$98,000, which aligns with the middle Bollinger band (mean reversion point). Look for bearish signals like rejection at this level.
🎯Target and Stop Loss
⤴️1. Long Position:
Target: $97,500 (mean) or $99,500 (upper Bollinger Band).
Stop Loss: $91,000 (below the support zone).
⤵️2. Short Position:
🎯Target: $93,000 (lower Bollinger Band) or $92,000 (support).
Stop Loss: $98,800 (above the mean and upper resistance).
🚨Market Insights
💀Indicators Used:
🐖Bollinger Bands: Price is near the lower Bollinger Band, indicating oversold conditions. A potential reversal could occur.
💀MA(5) and MA(10): The shorter-term MA(5) is trending below MA(10), showing bearish momentum.
👀Volume Analysis: Recent spikes in volume around $92,232 suggest significant activity, possibly institutional buying at support.
🔥Current Sentiment:
ℹ️Slightly bearish, with the possibility of reversal at key support.
⏩Conclusion
💸Scenarios to Watch:
💸A break below $92,232 could trigger further bearish momentum.
💸A bounce at $92,232 might present a solid long opportunity.
👍Ensure to monitor real-time market conditions, news, and Bitcoin dominance to adjust strategies accordingly. Let me know if you'd like further guidance!
