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#BTC#
Bitcoin trading analysis (BTC)
Current Condition: BTC Price 103,790.59 USD, below MA(7) but above MA(60) & MA(100), indicating a medium-term bullish trend despite a short-term correction. Support at 101,427.71 USD, resistance at 104,956.91 USD.
4 Hours Ahead:
Position: Buy on dip at 103,265 USD.
Target: 104,000 USD.
Stop Loss: 102,500 USD.
Probability: 60-70%.
1 Day Ahead:
Position: Buy at 103,790 USD or upon breakout at 104,000 USD.
Target: 104,956 USD.
Stop Loss: 102,800 USD.
Probability: 70-80%.
1 Week to Go:
Position: Buy and hold at 103,790 USD.
Target: 105,133 USD.
Stop Loss: 101,427 USD.
Probability: 80-85%.
Risk: High volatility, pay attention to market news, and use stop loss for risk management.