$BTC Here is the analysis of the BTC/USDT for the next 12 hours, along with buy entry and stop loss (SL) recommendations:
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Trend and Indicator Analysis
1. Current Price: 95,917.50
The price is currently in a short-term downtrend after failing to break resistance around 97,234.02.
2. Moving Averages (MA):
The price is below both MA9 and MA25, indicating bearish pressure.
MA9 is also flattening downward, signaling a further short-term decline.
3. MACD:
The MACD indicates bearish momentum with widening negative histogram bars.
The MACD line is below the signal line, confirming selling pressure.
4. RSI (Relative Strength Index):
The RSI is at 18, indicating extremely oversold conditions. A rebound is likely soon if selling pressure eases.
5. Stochastic RSI:
The Stochastic RSI is at 6, deeply oversold. This supports the potential for a price bounce if momentum reverses.
6. Volume:
Recent trading volume increased during the bearish candle, showing significant selling pressure.
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Buy Entry Strategy
Buy Entry:
Conservative position: 95,500–95,700 (nearest support area).
Aggressive position: If the price breaks back above 96,200 with strong volume.
Take Profit (TP):
Short-term target: 96,800–97,000 (minor resistance).
Mid-term target: 97,500–98,000 (next resistance level).
Stop Loss (SL): 94,800 (below strong support to minimize risk).
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Considerations
Avoid entering if the price remains below 95,500, as this may trigger further bearish pressure.
If the price breaks resistance above 97,000 with high volume, the trend may turn bullish, opening opportunities toward 98,000–99,000.
Monitor indicators like RSI and Stochastic RSI to anticipate a rebound from oversold conditions.
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This recommendation prioritizes a cautious approach, leveraging the potential rebound from oversold levels. Always use risk management to protect your capital.