๐ Bitcoin ($BTC ): Updated Targets with Stop-Loss, Timeframes & Indicator Strategy ๐
๐ Current Price: $98,250 (as of Dec 25, 2024)
๐ฏ Trading Plan: Key Targets & Stop-Loss
Short-Term (1-3 Days):
Target 1: $99,800
Target 2: $100,500
Stop-Loss: $96,800
Mid-Term (1 Week):
Target 1: $102,000
Target 2: $104,500
Stop-Loss: $95,500
Long-Term (1 Month):
Target 1: $110,000
Target 2: $115,000
Stop-Loss: $92,000
๐ฅ Analysis Using Key #Indicators :
1๏ธโฃ RSI (Relative Strength Index): Currently near 60, indicating room for upward momentum before hitting overbought conditions.
2๏ธโฃ MACD (Moving Average Convergence Divergence): The MACD is showing a bullish crossover, supporting potential upside in the short-term.
3๏ธโฃ Volume Analysis: Increasing trading volume near key support levels suggests buying pressure is strong.
4๏ธโฃ Fibonacci Retracement Levels: Bitcoin has recently bounced off the 61.8% level, signaling a likely push toward higher targets.
๐ #Strategy :
Trend Following Strategy: The combination of RSI, MACD, and Volume signals suggests that the bullish trend is intact.
Support/Resistance Strategy: Focus on key levels ($96K, $99.5K, and $100.5K) for entry and exit points.
๐ก Pro Tip: Use a Trailing Stop to lock in profits as Bitcoin continues to rise. Set your stop-loss orders dynamically as the price increases.
๐ Follow Live Updates: Track BTC on Binance
โก Bitcoin is poised for a big moveโposition yourself wisely and trade with confidence! โก
