#IntradayTrading Signal for
$BTC /USDT (Market Update)
Bitcoin has experienced a sharp drop, but a bounce with volume increase suggests a possible short-term reversal or consolidation before the next move.
Trading Plan
1. Entry Point:
Long (Buy) Entry: Above $95,000, confirming a rebound.
Short (Sell) Entry: If BTC rejects $94,800 and falls below $94,500.
2. Stop Loss:
For Long Position: Below $94,300 (invalidation of the bounce)
For Short Position: Above $95,200 (to avoid a breakout trap)
3. Take Profit Targets:
For Long Position:
TP1: $95,500 (previous resistance)
TP2: $96,000 (strong resistance)
For Short Position:
TP1: $94,300 (recent support)
TP2: $93,800 (major support)
4. Support and Resistance Levels:
Support Levels:
$94,300 (short-term support)
$93,800 (major support)
Resistance Levels:
$94,800 (immediate resistance)
$95,500 (strong resistance).
Trading Suggestion:
If BTC breaks $95,000, consider a long position targeting $95,500–$96,000.
If BTC fails to break $94,800 and falls below $94,500, consider a short position targeting $94,300–$93,800.