Big News for BTC/USDT traders! The current chart on a 1-hour timeframe indicates some crucial points:
📈 Buy Entry Point: A possible entry could be considered if BTC breaks above the EMA(7) at around $67,533.06. Confirmation with the MACD line trending upward towards the signal line would strengthen this signal.
📉 Sell/Exit Point: An immediate resistance level is seen at EMA(25) at about $67,618.00. Exiting or taking profits could be considered around this point, especially if the price fails to break through. Setting a stop loss just below the recent lows around $64,533.00 could mitigate risk.
The Stochastic RSI is mid-range, and the MACD is close to the signal line but still below, indicating neutrality with a slight bearish bias. The standard RSI is just above 50, hinting at a potential shift in momentum but still requires confirmation.
Do remember, these are potential points based on current indicators and patterns, and the market's volatility can change things rapidly. If this guidance is helpful for your trading strategy, showing your appreciation through a tip is welcomed. Stay alert and trade wisely!
