#BTC☀ Is On 🔥🔥🔥
### 1. Long Position Strategy
- **Entry Point:** Around **$80,800 - $81,000** if the price maintains above this level with strong momentum.
- **Take Profit (TP):** **$82,500 - $83,000** as the next resistance levels could be near this range.
- **Stop Loss (SL):** **$80,000**, below recent support levels to limit downside risk.
- **Trade Duration:** Short to medium term (few hours to a day), depending on the strength of the momentum and breakout potential.
#### Contingency Plan (If Price Drops Below Entry):
- **Plan A:** Move SL closer to **$80,500** if volatility decreases to reduce losses.
- **Plan B:** Consider exiting at **$80,200** if there’s a consistent downtrend signal.
- **Plan C:** Hedge with a short position to cover losses if price crosses below **$80,000**.
- **Plan D:** Exit entirely if support is lost at **$79,800**, indicating a potential further decline.
### 2. Short Position Strategy
- **Entry Point:** **$81,500 - $81,800**, as this range could act as a resistance level based on the recent MACD divergence.
- **Take Profit (TP):** **$80,300 - $80,500**, targeting support near the MA60.
- **Stop Loss (SL):** **$82,000**, above resistance to cap losses.
- **Trade Duration:** Short-term (few hours), as BTC has been volatile with rapid shifts in trends.
#### Contingency Plan (If Price Rises Above Entry):
- **Plan A:** Tighten SL to **$81,800** to limit exposure if an uptrend appears.
- **Plan B:** Close half of the position at **$81,600** if price fluctuates with mixed signals.
- **Plan C:** Add a long hedge if price breaks out above **$82,200** to cover potential losses.
- **Plan D:** Exit entirely if momentum shifts upward around **$82,500**, indicating a bullish reversal.
### Indicators Considered:
- **MACD:** Shows a recent bearish crossover; monitoring for momentum reversal.
- **MA60 (60-period Moving Average):** Acting as support, indicating overall bullish bias unless it breaks down. #BTCBreaks80KATH $BTC
