my analysis

$BTC

/USDT Technical Analysis and Trade Strategy🚀🎯

Current Market Overview

Price: $102,253.95 (+6.14%)

Momentum: Strong upward momentum with price trading above Bollinger Bands' upper limit and SAR support at $93,686.61.

Trend: Bullish in the short to mid-term, supported by high trading volume and recent breakout behavior.

Trade Strategy

1. Entry Point

Aggressive Entry: Enter at the current price ($102,253.95) if the trend continues with high volume.

Conservative Entry: Wait for a pullback near $99,700 (Bollinger upper band) to confirm support before re-entering.

2. Target Levels 🎯

🎯 Target 1: $104,000 (24h High)

This is a psychological and immediate resistance level. Use it for short-term gains.

🎯 Target 2: $108,500

Based on the projected extension from Bollinger Bands and Fibonacci levels.

🎯 Target 3: $112,000

A potential breakout target in case BTC sustains its bullish momentum, considering historical resistance.

3. Stop-Loss Levels

Place a stop-loss at $99,000 (below the Bollinger upper band) for tighter risk management.

For conservative traders, extend the stop-loss to $96,500 (near the middle band) to avoid premature exits.

4. Risk Management

Position Sizing: Use no more than 2-5% of your portfolio per trade.

Monitor volume and SAR reversal levels closely, as they will indicate potential trend changes.

This strategy aligns with the current bullish market conditions but maintains cautious risk management for any unexpected volatility.
#BTC100K!