๐จ $BTC โ ๏ธ 12-HOUR OUTLOOK โ ๏ธ
Here's a refreshed analysis of the BTC/USDT chart, including strategic entry points and stop-loss recommendations
๐ Technical Breakdown
1. Current Price: 90,130.33 USDT
2. Moving Averages (MA):
MA(7): 90,508.62 (slightly above current price, acting as short-term resistance)
MA(25): 90,022.09 (nearly aligned with current price, indicating a consolidation phase)
MA(99): 79,394.53 (significantly below current price, serving as long-term support)
3. ๐ RSI:
At 44.81, nearing oversold levels but still neutral, hinting at continued selling pressure.
4. ๐ Stochastic RSI:
K: 45.98, D: 55.93, indicating neutral conditions with potential for a slight dip before a bounce.
5. ๐ MACD:
Bearish momentum persists (MACD: -312.06)
DIF (980.87) above DEA (1,292.94), but both in negative zones, confirming seller dominance.
6. ๐ Volume:
Steady but relatively low, suggesting muted activity from both bulls and bears.
๐ฏ Entry Strategies
1. ๐ด Sell (Short Position)
Entry Point: If the price dips below 89,364 (recent 24-hour low), anticipate further downside.
Take Profit Targets:
First Target: 87,987 (nearest support)
Second Target: 85,000 (major psychological support)
Stop Loss: 90,600 (just above MA(7), serving as dynamic resistance)
2. ๐ข Buy (Long Position)
Entry Point: If BTC holds above 90,000 and shows upward momentum, or if RSI drops closer to 30 (oversold).
Take Profit Targets:
First Target: 91,450 (short-term resistance)
Second Target: 93,265 (key historical resistance)
Stop Loss: 89,300 (below recent 24-hour support)
๐ Additional Considerations
1. ๐ช Breakout/Breakdown Confirmation:
Watch for price movement outside the current range of 90,508 - 89,364.
A move above or below this band will likely confirm a stronger trend direction.
2. โฐ Optimal Timing:$BTC
Use smaller time frames (1-hour or 15-minute) to spot candlestick patterns like pin bars or engulfing candles for precise entries.
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