The price of BTC is at $67,719 USD Down 0.31% in the past 24 hours Recently hit a new high of $68,630 USD on April 4th The crypto market is closely watching US macroeconomic data The US Federal Reserve (Fed) signals a possible interest rate cut this year The next Bitcoin Halving will occur in two weeks cr.investing
Reasons for entering the trade: The price tested a significant zone before buying pressure emerged Break the trendline, consolidate, and continue to rise fibo: Take profits around 127.00 Key support level: The target to aim for is 70000
RSI: Uptrend Wait for a reversal signal to enter If you can accept the risk and don't want to wait, you can set a Pending Buy in the mentioned zone But if you can accept the risk, you can trade immediately
You can do short-term Scalping with clear entry and exit points, or hold for longer periods. Once the price has risen for a while, you can set a TSL to protect profits or gradually close orders to take profits Experience: Counter-trend trading has the advantage of getting comparative and end-of-trend prices, and it's a popular technique that expects an RRR of over 1:2. It can be adapted for various uses, whether short or long trades, but always set a Stoploss for safety
❗This is just a personal opinion, and there may be profits and losses. Hence, Investing involves risks. Investors should study the information before making a decision to invest. "If you find this analysis useful... and it benefits all fellow traders, "Please follow and support us... Thank you."
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The price of BTC is at $67,719 USD
Down 0.31% in the past 24 hours
Recently hit a new high of $68,630 USD on April 4th
The crypto market is closely watching US macroeconomic data
The US Federal Reserve (Fed) signals a possible interest rate cut this year
The next Bitcoin Halving will occur in two weeks
cr.investing
Trading note:✅
Buy: 67409.00
✅Tp: 68704.58 69888.69
❗SL: 66438.95
Reasons for entering the trade:
The price tested a significant zone before buying pressure emerged
Break the trendline, consolidate, and continue to rise
fibo: Take profits around 127.00
Key support level: The target to aim for is 70000
RSI: Uptrend
Wait for a reversal signal to enter
If you can accept the risk and don't want to wait, you can set a Pending Buy in the mentioned zone
But if you can accept the risk, you can trade immediately
You can do short-term Scalping with clear entry and exit points, or hold for longer periods. Once the price has risen for a while, you can set a TSL to protect profits or gradually close orders to take profits
Experience: Counter-trend trading has the advantage of getting comparative and end-of-trend prices, and it's a popular technique that expects an RRR of over 1:2. It can be adapted for various uses, whether short or long trades, but always set a Stoploss for safety
❗This is just a personal opinion, and there may be profits and losses. Hence,
Investing involves risks. Investors should study the information before making a decision to invest.
"If you find this analysis useful... and it benefits all fellow traders,
"Please follow and support us... Thank you."