$BTC #bulllish #Followers #BinanceTurns7 #Everyone.
Let's analyze the BTC/USDT chart and provide advice on potential long or short entry and exit points, trade duration, and stop loss levels.
### Technical Analysis:
1. **Support and Resistance Levels:**
- **Resistance Levels:**
- The recent high at around 67,648.7.
- **Support Levels:**
- The recent low at around 66,241.4.
2. **Moving Averages (MAs):**
- **MA(7) in yellow:** 65,472.70
- **MA(25) in pink:** 60,984.96
- **MA(99) in purple:** 64,323.23
- The price is currently above all three moving averages, indicating strong bullish momentum.
3. **MACD (Moving Average Convergence Divergence):**
- The MACD line (yellow) is above the signal line (pink), indicating continued bullish momentum. The histogram is also positive, which supports this trend.
4. **Volume:**
- Increased volume in recent days, supporting the upward price movement.
### Entry and Exit Points:
#### Aggressive Entry and Exit Points:
1. **Long Entry:**
- Enter around the current price level (66,879.2) if the price holds above the MA(7) and shows bullish candlestick patterns.
- **Stop Loss (SL):** Set a stop loss slightly below the recent low at 66,241.4 to limit losses if the trade goes against you.
2. **Short Entry:**
- Enter a short position if the price falls below the MA(7) with high volume, indicating bearish momentum.
- **Stop Loss (SL):** Set a stop loss above the recent high at 67,648.7.
#### Safer Entry and Exit Points:
1. **Long Entry:**
- Wait for a breakout above 67,648.7 with high volume for confirmation of upward momentum.
- **Stop Loss (SL):** Set a stop loss below the breakout level, around 66,500.
2. **Short Entry:**
- Enter a short position if the price breaks below the strong support level at 66,241.4 with high volume.
- **Stop Loss (SL):** Set a stop loss above the breakout level, around 67,000.
### Trade Duration:
- **Short-term trade:** Monitor the 4-hour and 1-hour charts closely. Hold the position for a few hours to a couple of days, depending on price action and volume.
- **Medium-term trade:** Use daily charts to confirm trends and hold the position for a few days to a week.
### Take Profit (TP) and Stop Loss (SL):
- **TP for Long Position:**
- Set initial TP around 70,000.
- Move SL to break even once the price reaches 68,500 to lock in profits.
- **TP for Short Position:**
- Set initial TP around 64,000.
- Move SL to break even once the price reaches 65,500 to lock in profits.
### Summary:
- **Aggressive Long Entry:** Around 66,879.2, SL below 66,241.4, TP at 70,000.
- **Aggressive Short Entry:** Below 66,241.4, SL above 67,648.7, TP at 64,000.
- **Safer Long Entry:** Above 67,648.7, SL at 66,500, TP at 70,000.
- **Safer Short Entry:** Below 66,241.4, SL at 67,000, TP at 64,000.
Always use proper risk management and adjust positions based on market conditions.
