Trend: Bitcoin is currently showing a range-bound movement with local bearish pressure.
Key Levels:
Resistance: ~$99,700 - $100,000
Support: ~$96,500 - $97,000
Indicators:
MACD: Weak momentum, approaching a potential crossover.
EMA: Price is hovering near the 50 EMA, indicating indecisiveness.
Volume: Decreasing, suggesting market participants are waiting for confirmation.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Low Volatility Environment)
Why? Price is trading between support and resistance without strong breakouts.
How?
Buy near $96,500 - $97,000
Sell near $99,500 - $100,000
Take quick profits, as price action is choppy.
🩸 2. Breakout Scalping (If Price Moves Aggressively)
Trigger: Break above $100,000 or drop below $96,500.
Execution:
If price breaks $100,000 → Scalp long targeting $101,500 - $102,000.
If price drops below $96,500 → Scalp short aiming for $95,000.
🩸 3. EMA Scalping
Why? Price is near the 50 EMA, which can act as support or resistance.
Execution:
Buy when price bounces off EMA (confirmation via MACD crossover).
Sell if price rejects EMA and continues downward.
🔥 News & Market Context:
Neutral sentiment, with no significant macro news or FOMO/FUD at the moment.
Liquidity levels suggest that a breakout may occur, but no clear trigger yet.
🔥 Decision: Enter or Stay Out?
🩸 Current Situation: Market is indecisive, making scalping viable but risky.
🩸 Recommendation: Low-risk range scalping is the best choice until momentum confirms a breakout.
🩸 Ideal Entry: Buy near $96,500 or sell near $99,500, keeping tight stop-losses.
👑 Final Verdict: Scalp with caution, but be ready for breakout confirmation. 🚀
Key Levels:
Resistance: ~$99,700 - $100,000
Support: ~$96,500 - $97,000
Indicators:
MACD: Weak momentum, approaching a potential crossover.
EMA: Price is hovering near the 50 EMA, indicating indecisiveness.
Volume: Decreasing, suggesting market participants are waiting for confirmation.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Low Volatility Environment)
Why? Price is trading between support and resistance without strong breakouts.
How?
Buy near $96,500 - $97,000
Sell near $99,500 - $100,000
Take quick profits, as price action is choppy.
🩸 2. Breakout Scalping (If Price Moves Aggressively)
Trigger: Break above $100,000 or drop below $96,500.
Execution:
If price breaks $100,000 → Scalp long targeting $101,500 - $102,000.
If price drops below $96,500 → Scalp short aiming for $95,000.
🩸 3. EMA Scalping
Why? Price is near the 50 EMA, which can act as support or resistance.
Execution:
Buy when price bounces off EMA (confirmation via MACD crossover).
Sell if price rejects EMA and continues downward.
🔥 News & Market Context:
Neutral sentiment, with no significant macro news or FOMO/FUD at the moment.
Liquidity levels suggest that a breakout may occur, but no clear trigger yet.
🔥 Decision: Enter or Stay Out?
🩸 Current Situation: Market is indecisive, making scalping viable but risky.
🩸 Recommendation: Low-risk range scalping is the best choice until momentum confirms a breakout.
🩸 Ideal Entry: Buy near $96,500 or sell near $99,500, keeping tight stop-losses.
👑 Final Verdict: Scalp with caution, but be ready for breakout confirmation. 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.