#BTCNextATH
🚀 BTC/USDT Trade Plan – Market Stabilizing for the Next Big Move?
📊 Market Snapshot:
Bitcoin (BTC) is trading at $103,186.37, up +0.54% over the last session. After bouncing off the $97,777 low, BTC has shown resilience, recovering above the $103K mark. The price is now testing critical levels, suggesting that a larger move may be on the horizon.
🎯 Key Levels to Watch:
Resistance Zones:
$104,500 – Immediate short-term resistance.
$108,000 – Key level for bullish continuation.
Support Zones:
$100,000 – Major psychological and technical support.
$97,000 – Key demand zone where buyers have previously stepped in.
📉 Indicators & Observations:
Volume: Current recovery has been accompanied by moderate buying volume; watch for a breakout with volume confirmation.
RSI: Neutral position, leaving room for a significant move in either direction.
Trend: BTC remains range-bound between $97K–$108K, but repeated testing of support indicates buyer strength.
🔥 Trade Strategy:
1. Bullish Scenario:
Enter a long trade if BTC breaks above $104,500 with strong volume.
Targets: $108,000, with a secondary target at $112,000.
Stop-loss: Place at $102,000 to minimize risk.
2. Bearish Scenario:
Enter a short trade if BTC falls below $100,000.
Targets: $97,000, with a secondary target at $94,000.
Stop-loss: Place at $101,500 to protect against false breakdowns.
📌 Risk Management:
Stick to a 1:2 risk-to-reward ratio.
Use a trailing stop-loss to secure profits during favorable moves.
💡 Pro Tip: Patience is key in range-bound markets like this. Wait for confirmation of a breakout or breakdown before committing to a trade.