1. Buy Point (Long Entry)
Reasonable buy area: 103,500 - 104,000 USD, near the MA(7) line to optimize risk and profit.
Stoploss: 101,500 USD (below MA(30) to avoid breaking short-term support).
Target (Take Profit):
Near target: 106,650 USD (previous peak).
Far target: 108,740 USD (upper resistance zone of the rising price channel).
2. Sell Point (Short Entry)
Reasonable sell area: If the price does not break the resistance at 106,650 USD and shows signs of weakness.
Stoploss: 107,000 USD (to avoid breaking the previous peak).
Target (Take Profit):
Near target: 103,500 USD (MA(7) support zone).
Far target: 101,500 USD (strong MA(30) support).
3. Support Indicators
RSI: If RSI > 70, BTC is overbought and likely to correct.
Trading volume: Observe for sudden spikes; if the price rises but volume is weak, the likelihood of a correction is high.
4. Summary:
Long strategy: Wait for the price to correct to 103,500 - 104,000 USD, stoploss at 101,500 USD, take profit at 106,650 - 108,740 USD.
Short strategy: Watch the resistance area at 106,650 USD, stoploss at 107,000 USD, take profit at 103,500 - 101,500 USD.