$BTC BTC/USDT, here is a technical analysis for the next 12 hours, including buy/sell entries and stop-loss recommendations:
1. Main Trend (15m Chart):
MA (Moving Averages):
The current price is below MA(5) and MA(10), indicating a potential short-term bearish trend.
MACD:
The MACD histogram shows negative momentum, with the MACD line below the signal line. This is a bearish signal.
RSI:
RSI is at 33.83, approaching the oversold zone. A price reversal might occur if RSI drops further or begins to rebound.
Stochastic RSI:
Stochastic is in a low zone (40.45), indicating strong selling pressure but with a potential reversal if a crossover happens.
2. Additional Indicators:
Volume:
Volume appears low, suggesting the current price movement is not supported by significant activity.
Wm%R:
Wm%R at -61.20 indicates bearish pressure, but it’s not yet fully oversold.
3. 12-Hour Strategy:
Buy Entry:
Buy level: Rp97,200 (nearest support), if the price shows a reversal pattern like a bullish candle.
Sell Entry:
Sell level: Rp99,100 (nearest resistance), if the price approaches resistance without strong volume.
Stop-Loss:
For buy: Rp96,500, if the price continues breaking below the main support.
For sell: Rp100,200, if there’s a breakout above the resistance.
4. Important Notes:
Always monitor Bitcoin-related fundamental news, as it may impact price movements.
Wait for confirmation on smaller time frames (e.g., 5m) before taking positions.