BTC/USDT (4H) Chart Analysis
2025-01-30
Category: None


1. Overall Market Outlook:

Current Price: 105,217.41 USDT

Mid-term Trend: After a sharp decline, the price reacted at the 99,607 USDT support level and is now moving upwards.

Key Resistance Levels: 106,753 USDT

Key Support Levels: 101,562 USDT and 99,607 USDT


2. Indicators & Moving Averages:

MA 50 (Blue) & MA 200 (Red): A potential bullish crossover is forming, indicating a possible trend reversal to the upside.

RSI: Recovering from the oversold zone, suggesting further bullish momentum.



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Trading Plan

✅ Entry Point: 101,562 USDT (Possible retracement before further upward movement)
🎯 Target Levels (Take Profit):

First Target: 105,217 USDT (Initial resistance)

Second Target: 106,753 USDT (Key resistance)


📉 Stop Loss: 97,560 USDT (Below the key support level, to avoid invalid setups)

⚠️ Important Notes:

If the price reaches 105,217 USDT, consider taking partial profits and moving the stop loss to the entry point.

A strong breakout above 106,753 USDT could push the price towards 108,500 - 110,000 USDT.

If 99,607 USDT support is broken, the trend could turn bearish, so risk management is crucial.


📌 Conclusion:
This strategy aims to enter on a retracement and ride the upward wave. Due to nearby resistance levels, strict risk management is necessary.

