$BTC Tonight target:
To analyze the potential target for BTC/USDT tonight, we'll consider the current market indicators from the chart and focus on a short-term, intraday perspective.
Key Observations Recap:
1. Current Price: 91,419.41 USDT
2. 24h High: 91,850 USDT
3. 24h Low: 87,754.45 USDT
4. EMA (7) is slightly above the current price, indicating a short-term bullish trend.
5. RSI (6) is at 62.21, suggesting moderate bullish momentum without being overbought.
6. Stochastic RSI is at 22.41, indicating potential for a short-term upward move.
Immediate Short-Term Analysis:
Support Levels:
91,000 USDT (Psychological and EMA support).
90,000 USDT (Key support near EMA 25).
Resistance Levels:
91,850 USDT (24h high and immediate resistance).
92,000 USDT (Psychological resistance).
Tonight's Potential Targets:
Bullish Scenario:
If BTC manages to break above 91,850 USDT and sustains the momentum:
Target 1: 92,500 USDT — Short-term traders might take profits at this level due to psychological resistance.
Target 2: 93,000 - 93,500 USDT — If the bullish momentum is strong, this level could be reached, aligning with Fibonacci extensions.
Entry Strategy:
Consider entering a long position above 91,850 USDT with a target of 92,500 - 93,500 USDT.
Stop-Loss: Below 91,000 USDT to minimize risk.
Bearish Scenario:
If BTC fails to break the 91,850 USDT resistance and starts to pull back:
Target 1: 90,500 USDT — The next support zone.
Target 2: 89,500 - 90,000 USDT — This is where BTC could find stronger support near EMA (25).
Entry Strategy:
Consider entering a short position if BTC falls below 91,000 USDT, with targets around 90,000 - 89,500 USDT.
Stop-Loss: Above 91,850 USDT to protect against unexpected bullish surges.
Conclusion:
Bullish Target Tonight: 92,500 - 93,500 USDT (if 91,850 resistance breaks).
Bearish Target Tonight: 89,500 - 90,500 USDT (if BTC drops below 91,000 support).