Bearish Sentiment: The prevailing downtrend suggests caution; look for stability or reversal signs before entering long.
Support Level: The key support at $100,000 must hold to avoid further decline. Resistance Level: A break above $101,500 could signal a short-term trend reversal to the upside.
4-Hour Chart:
High Volatility: This creates opportunities for both short and long trades based on price action around key levels.
Support Level: Strong support is again at $100,000, acting as a psychological and technical pivot.
Resistance Level: $102,500 is the major resistance, providing a clear target for any bullish momentum.
Daily Chart:
Overall Bullish Trend: The long-term trend remains upward, making dips potential buying opportunities for long-term investors.
Support Levels: Major long-term supports are at $98,000 and $95,000.
Resistance Level: Watch for resistance at $104,000 which if broken, could lead to new highs.
Trading Strategy Points:
Risk Management: Always use stop-losses to protect trades against sudden market moves. Adjust stop-losses according to the timeframe of your trade.
Entry Points:
Long Positions: Look for confirmation of support holding on lower timeframes with additional bullish signals such as candlestick patterns or momentum shifts.
Short Positions: Initiate near resistance levels if bearish reversal patterns appear, especially on higher timeframes.
Exit Points:
Take Profit: Set just below resistance levels for long positions and above support levels for short positions to capture the most likely price movements.
Volume and Momentum: Use volume indicators to confirm entry and exit points; momentum indicators like RSI and MACD can help identify potential market turns or continuation signals.
Conclusion: BTC/USDT traders should stay adaptable to changes in market conditions across different timeframes. Combining insights from multiple charts will help in crafting a more nuanced trading approach, catering to both quick scalps and longer-term trades based on the identified support and resistance levels.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.