$BTC Looking at the BTC/USDT chart on the 4-hour (4H) timeframe, here’s an analysis for the next 12 hours along with suggested entry points and stop-loss settings:
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Technical Analysis:
1. Main Trend (MA):
MA(7) is above MA(25) and MA(99), indicating a short-term uptrend.
The price is above MA(99), suggesting strong support around 81,369.3 USDT.
2. RSI (Relative Strength Index):
RSI is at 56.9, near the neutral zone, showing no signs of being overbought or oversold. There’s potential for an upward move if RSI approaches 70.
3. MACD (Moving Average Convergence Divergence):
The MACD histogram shows weakening bearish momentum (green bars starting to appear).
The DIF line is still below the DEA line but nearing a bullish crossover, signaling potential price reversal upwards.
4. OBV (On-Balance Volume):
OBV is declining, indicating insufficient buying volume. Be cautious of potential false breakouts.
5. Support and Resistance Levels:
Strong support: 89,422.1 USDT (24-hour low).
Strong resistance: 93,421.1 USDT (previous high).
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Trading Strategy:
1. Buy Entry:
Entry Level: If the price breaks above 92,000 USDT with high volume.
Take Profit (TP): 93,421 USDT (nearest resistance).
Stop Loss (SL): 90,600 USDT (below MA(25) as dynamic support).
2. Sell Entry:
Entry Level: If the price drops below 90,600 USDT.
Take Profit (TP): 89,422 USDT (24-hour low).
Stop Loss (SL): 91,500 USDT (above MA(25)).
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Notes:
If the price remains within the consolidation zone of 90,600–92,000 USDT, avoid entering until a clear breakout or breakdown occurs.
Use proper risk management, risking no more than 1–2% of your total capital.
Monitor volume and candlestick confirmation on lower timeframes (1H) for additional signals.
Hope this helps, and good luck with your trading!