#BTC☀ Based on the current chart and recent price action:
1. Target Level (Take Profit):
First Target: $91,500 - This is a conservative target within the recent consolidation range.
Second Target: $93,000 - Near the previous high of $93,265.64, this could act as resistance.
Extended Target: $95,000 - If BTC continues to rally strongly, this level is achievable, although it may take a bit longer.
2. Stop Loss:
First Stop Loss: $88,000 - Just below the recent support level, placing a tight stop loss here would limit downside potential if price starts to decline.
Second Stop Loss: $86,500 - This is a more aggressive stop loss, but still provides protection in case price moves further down. This level is also near the recent low of $86,417.
3. Entry Suggestion:
If the current price is near $89,500, buying around this level with a stop loss and target above could provide a good risk/reward ratio.
Summary:
Entry: Around $89,500
Targets: $91,500 (first target), $93,000 (second target), $95,000 (widening)
Stop Loss: $88,000 (tight stop), $86,500 (flexible stop)
Adjust based on your risk tolerance and market volatility. Tighten the stop loss or lock in profits if the price moves in your favor.