$BTC is up 25.84% over the past 90 days and remains up 5.92% over the past 30 days, but has pulled back 4.57% in the past 7 days. This price action is worth watching closely! The mid-term gains are still intact, but short-term momentum has cooled, so there isn’t enough reason to chase the rally.
The price is around 83,950 USDT, and the highs of the past 20 four-hour candles are near 84,352. I’d prefer to wait for a breakout before going long: only consider entering in small batches between 84,350 and 84,500 after a four-hour candle closes above 84,352 and the price retests that level without breaking below it. If it fails to hold above that level, keep waiting.
Use 83,800 as a reference stop-loss, with a first target of 85,800 and a second target near 87,200. The latter is close to the high of 87,220 set by the past 20 daily candles. Exit if the price falls back to the stop-loss—don’t turn the plan into a stubborn hold!
This is a spot-trading plan. If the price has already moved above the entry range, don’t chase it.
Reassess after the next four-hour candle closes.
The price is around 83,950 USDT, and the highs of the past 20 four-hour candles are near 84,352. I’d prefer to wait for a breakout before going long: only consider entering in small batches between 84,350 and 84,500 after a four-hour candle closes above 84,352 and the price retests that level without breaking below it. If it fails to hold above that level, keep waiting.
Use 83,800 as a reference stop-loss, with a first target of 85,800 and a second target near 87,200. The latter is close to the high of 87,220 set by the past 20 daily candles. Exit if the price falls back to the stop-loss—don’t turn the plan into a stubborn hold!
This is a spot-trading plan. If the price has already moved above the entry range, don’t chase it.
Reassess after the next four-hour candle closes.