$BTC BTC/USDT here is the analysis for potential trading over the next 24 hours:
1. Main Trend:
The price is above the MA (Moving Average) 25 and 99, indicating a medium- to long-term bullish trend.
The RSI indicator is around 53.93, showing neutral momentum but leaning toward bullish territory.
2. Additional Indicators:
MACD shows weakening histogram bars, suggesting potential consolidation or correction in the near term.
Stochastic RSI is in the oversold area (19.95), which could signal a potential price reversal upward.
3. Key Levels:
Nearest resistance at 99,588 USDT.
Significant support around 97,136 USDT.
Entry and Stop-Loss Recommendations:
Entry Buy: If the price breaks through the 99,000 USDT resistance with high volume. Alternatively, buy if the price corrects to the support area of 97,500-97,800 USDT.
Stop-Loss: Place a stop-loss below the main support at 96,000 USDT to minimize risk.
Take-Profit Targets:
1. Short-term target: 99,500 USDT.
2. Next target: 100,300 USDT (psychological level and resistance).
Important Notes:
If trading volume is low or indicators show bearish divergence, avoid entering a buy position and wait for confirmation.
The crypto market is highly volatile, so apply strict risk management.