š Bitcoin ($BTC ): Updated Targets with Stop-Loss, Timeframes & Indicator Strategy š
š Current Price: $98,250 (as of Dec 25, 2024)
šÆ Trading Plan: Key Targets & Stop-Loss
Short-Term (1-3 Days):
Target 1: $99,800
Target 2: $100,500
Stop-Loss: $96,800
Mid-Term (1 Week):
Target 1: $102,000
Target 2: $104,500
Stop-Loss: $95,500
Long-Term (1 Month):
Target 1: $110,000
Target 2: $115,000
Stop-Loss: $92,000
š„ Analysis Using Key #Indicators :
1ļøā£ RSI (Relative Strength Index): Currently near 60, indicating room for upward momentum before hitting overbought conditions.
2ļøā£ MACD (Moving Average Convergence Divergence): The MACD is showing a bullish crossover, supporting potential upside in the short-term.
3ļøā£ Volume Analysis: Increasing trading volume near key support levels suggests buying pressure is strong.
4ļøā£ Fibonacci Retracement Levels: Bitcoin has recently bounced off the 61.8% level, signaling a likely push toward higher targets.
š #Strategy :
Trend Following Strategy: The combination of RSI, MACD, and Volume signals suggests that the bullish trend is intact.
Support/Resistance Strategy: Focus on key levels ($96K, $99.5K, and $100.5K) for entry and exit points.
š” Pro Tip: Use a Trailing Stop to lock in profits as Bitcoin continues to rise. Set your stop-loss orders dynamically as the price increases.
š Follow Live Updates: Track BTC on Binance
ā” Bitcoin is poised for a big moveāposition yourself wisely and trade with confidence! ā”
