#BTC☀ Based on the current chart and recent price action:
1. Target Levels (Take Profit):
First Target: $91,500 - This is a conservative target within the recent consolidation range.
Second Target: $93,000 - Close to the previous high of $93,265.64, this could act as a resistance level.
Extended Target: $95,000 - If BTC continues with a strong bullish push, this level could be achievable, although it may take a bit longer.
2. Stop-Loss Levels:
First Stop-Loss: $88,000 - Just below recent support, setting a tight stop-loss here will limit potential downside if the price starts to break down.
Second Stop-Loss: $86,500 - This is a more flexible stop, but still protective in case of a sharper drop. This is also near the recent low of $86,417.
3. Entry Point Suggestion:
If the price is currently near $89,500, buying around this level with the above stop-loss and target levels could offer a good risk-to-reward ratio.
Summary:
Entry: Around $89,500
Target: $91,500 (first target), $93,000 (second target), $95,000 (extended)
Stop-Loss: $88,000 (tight stop), $86,500 (flexible stop)
Adjust based on your risk tolerance and the market's movement. Tighten the stop-loss or lock in profits if the price moves favorably.