$BTC /USDT Technical Analysis & Trade Signal

Current Market Overview

Current Price: $97,817.56

24h High: $98,976.91

24h Low: $96,472.43

Momentum: Bullish (Moderate Uptrend, +1.01% in 24h)

Technical Indicators

RSI (Relative Strength Index): ~60 (Neutral-Bullish)

MACD: Bullish crossover on 4H chart, signaling upward momentum.

Moving Averages:

EMA (20): $97,300 (support)

EMA (50): $96,800 (strong support)

EMA (200): $95,400 (major support)

Key Levels

Support Levels: $97,300 | $96,800 | $95,400

Resistance Levels: $98,500 | $99,200 | $100,000

Trade Signal: Long Position

Entry Zone

Buy Range: $97,500 - $97,800

Targets 🎯

1. Target 1: $98,500 (Short-term, minor resistance)

2. Target 2: $99,200 (Key resistance level)

3. Target 3: $100,000 (Psychological resistance)

Stop-Loss

$96,300 (below the 24h low and EMA 50 level)

Trade Momentum

Momentum: Bullish

Short-Term (15m-1h): Positive price action with volume increasing slightly.

Mid-Term (4h): Strong uptrend confirmed by MACD and RSI near bullish levels.

Long-Term (1D): Uptrend intact; bulls are pushing towards the $100,000 psychological level.

Risk-to-Reward Ratio (RRR)

Estimated at 1:2.5, making this trade favorable.

Strategy Notes

1. Scaling Out: Consider taking partial profits at each target level.

2. Volume Confirmation: Ensure rising volume near the $98,500 level to validate momentum.

3. News Check: Stay updated on macroeconomic or Bitcoin-related news to avoid sudden reversals.

Happy Trading! Always manage your risks and trade responsibly.

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