According to technical analysis;
Current BTC price: $62,832.
Here's a brief technical analysis update:
Technical Indicators:
1. RSI (14): 57.35 (Neutral)
2. MACD (12, 26): Neutral crossover
3. 50-day MA: $59,443 (Support)
4. 200-day MA: $47,533 (Long-term support)
Trend:
Consolidation
Support and Resistance:
1. Support: $62,000, $61,500
2. Resistance: $64,000, $65,000
Whale Activities:
Moderate buying activity from whales in the last hour.
Candlestick Patterns:
Doji Pattern (indecision)
Market Sentiment:
Neutral
Next Move Prediction (6 hours):
50% chance of uptrend
50% chance of downtrend
Trade Setup:
Long Trade Setup:
1. Entry: $62,500-$63,000
2. Stop-loss: $61,500
3. Take-profit: $64,000-$65,000
4. Risk-Reward Ratio: 1:2
Short Trade Setup:
1. Entry: $61,500-$61,000
2. Stop-loss: $62,000
3. Take-profit: $59,000-$58,000
4. Risk-Reward Ratio: 1:2
Recommendations:
1. Monitor whale activities and volume.
2. Adjust stop-loss to $62,000 if price reaches $63,500.
Caution:
1. Decreased volatility.
2. Possible breakout or breakdown.
3. Check now...$BTC đ
4. Follow for more technical Updates, Future & spot signals....
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Stay updated and adjust your strategy accordingly.
