Looking at the BTCUSDT chart on the 15-minute timeframe, here’s a brief analysis for the next 12 hours, including buy/sell entry levels and stop loss (SL):

Chart Analysis:

1. Overall Trend: The price shows strong bullish momentum with large green candles and increasing volume. The price is far above the EMA/MA levels.

2. RSI Indicator: RSI is in the overbought zone, around 82, indicating a possible correction or consolidation in the short term.

3. MACD: The MACD histogram indicates solid bullish momentum, but the MACD and Signal lines are nearing an overbought condition.

4. Volume: High volume confirms the strength of the current movement but may decline if consolidation occurs.

5. Support and Resistance:

Nearest Resistance: 97,800–98,000 (based on recent price action).

Nearest Support: 96,000 (50-MA line as a rebound zone).

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Trading Strategy:

Bullish Scenario:

If the upward momentum continues:

Buy Entry: Around the retracement zone of 96,800–97,000.

Take Profit (TP):

TP1: 98,000

TP2: 99,200 (if breakout occurs).

Stop Loss (SL): 96,400 (below strong support).

Bearish Scenario:

If the price fails to break the 98,000 resistance and shows a reversal:

Sell Entry: After a confirmed bearish candle below 97,200.

Take Profit (TP):

TP1: 96,400

TP2: 95,800 (200-MA support level).

Stop Loss (SL): 98,000 (above resistance).

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Notes:

These signals are more suitable for scalping or intraday trading given the 15-minute timeframe.

Watch for fundamental news such as macroeconomic events or major cryptocurrency announcements that could affect price movement.

If volume decreases, be cautious of potential sideways movement.

BTCUSDT
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