Bitcoin (BTC) technical analysis and trading tips

introduction

This technical analysis of Bitcoin (BTC) vs. US Dollar (USDT) reviews support and resistance levels, and optimal entry and exit points.

Trend analysis

Double top

Risk to return ratio (RR): 4.751

Stop loss: 73293.77

Realized profit: 4.21%

Double bottom

Risk to return ratio (RR): 23.277

Entry points: TP1 at 66313.41, TP2 at 64219.3, TP3 at 62823.23

Important price levels

Profit targets: 76619.91, 75226.82, 73137.18, 68313.41, 64219.3, 62823.23

Stop loss: 73293.77

Expectations

Continued decline: If the price fails to break the resistance level at 69803.59.

Bullish Reversal: If price crosses 69803.59.

Trading tips

Use stop loss.

Diversify your portfolio.

Follow news and analysis.

Risk Management.

Stick to your strategy.

Conclusion

Technical analysis provides a tool to identify trends and optimal entry and exit points. By following trading tips, you can improve your chances of making profits and reduce risks.#bitcoin #BTC $BTC