Panda Traders
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$BTC Complete Trading Setup 🚨🚨🚨
Recent technical analysis
Support and Resistance Levels
Resistance Levels:
101,196.14: Recent resistance level where the price struggled to break above.
96,386.40: Short-term resistance as the price is below this level.
Support Levels:
92,232.54: Immediate support level seen in the chart.
91,576.66: A stronger support level below, which could act as a critical zone.
Short and Long Position Entry Points
Short Position Entry:
Entry: Around 96,000–96,400 (near resistance).
Target: 92,500 (support zone) and further 91,600.
Stop Loss: Above 97,000 to minimize loss if resistance breaks.
Long Position Entry:
Entry: Around 92,200–92,500 (near support).
Target: 96,300 and possibly 101,000 if momentum increases.
Stop Loss: Below 91,000 to reduce risk in case of a further drop.
Market Insights
1. Trend Analysis:
The market is in a corrective phase, with lower highs indicating a bearish short-term trend.
In the mid-to-long term, BTC/USDT is up by 49.36% in 90 days and 116.33% over a year, showing bullish momentum remains intact overall.
2. Indicators:
RSI (Relative Strength Index) appears to be near neutral but is likely moving toward oversold, suggesting potential buying opportunities near support levels.
MACD (Moving Average Convergence Divergence) signals bearish momentum.
3. Volume Analysis:
The volume is dropping slightly, indicating reduced buying pressure, supporting the corrective phase.
Suggested Strategy
Short-Term Traders: Consider shorting near resistance zones and taking profits near supports.
Mid-to-Long-Term Traders: Look for dips to add to positions, especially near strong support zones.
Stay cautious about news or macroeconomic events that can lead to volatility in the crypto market. Adjust stop losses and targets based on market conditions.
#Write2Earn! #BTCNextMove #USUALAnalysis #CorePCESignalsShift #ElSalvadorBTCReserve
Recent technical analysis
Support and Resistance Levels
Resistance Levels:
101,196.14: Recent resistance level where the price struggled to break above.
96,386.40: Short-term resistance as the price is below this level.
Support Levels:
92,232.54: Immediate support level seen in the chart.
91,576.66: A stronger support level below, which could act as a critical zone.
Short and Long Position Entry Points
Short Position Entry:
Entry: Around 96,000–96,400 (near resistance).
Target: 92,500 (support zone) and further 91,600.
Stop Loss: Above 97,000 to minimize loss if resistance breaks.
Long Position Entry:
Entry: Around 92,200–92,500 (near support).
Target: 96,300 and possibly 101,000 if momentum increases.
Stop Loss: Below 91,000 to reduce risk in case of a further drop.
Market Insights
1. Trend Analysis:
The market is in a corrective phase, with lower highs indicating a bearish short-term trend.
In the mid-to-long term, BTC/USDT is up by 49.36% in 90 days and 116.33% over a year, showing bullish momentum remains intact overall.
2. Indicators:
RSI (Relative Strength Index) appears to be near neutral but is likely moving toward oversold, suggesting potential buying opportunities near support levels.
MACD (Moving Average Convergence Divergence) signals bearish momentum.
3. Volume Analysis:
The volume is dropping slightly, indicating reduced buying pressure, supporting the corrective phase.
Suggested Strategy
Short-Term Traders: Consider shorting near resistance zones and taking profits near supports.
Mid-to-Long-Term Traders: Look for dips to add to positions, especially near strong support zones.
Stay cautious about news or macroeconomic events that can lead to volatility in the crypto market. Adjust stop losses and targets based on market conditions.
#Write2Earn! #BTCNextMove #USUALAnalysis #CorePCESignalsShift #ElSalvadorBTCReserve
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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