EARLY-DAY ASSESSMENT 04/07
BTC/Gold continues the uptrend...
*Daily timeframe:
- On 03/07, BTC continued to rise with a cautious attempt to move into the 63k zone (specifically 69.95k), closing the session at 62.565k while maintaining upward momentum.
- RSI is approaching the 50 threshold.
- MACD shows buying strength.
*4-hour timeframe:
- On this timeframe, BTC shows alternating up-and-down movements, creating some hesitation, then gradually creeping up toward the 63k zone with relatively low volume.
- RSI on the 4-hour timeframe has surpassed the 50 level and has the potential to approach the 70 zone.
- MACD also agrees with the RSI signal on this timeframe.
*Gold: There is a good breakout after approaching the 4200 price zone (specifically 4196), and it is now holding around this area. - Today and tomorrow over the weekend, Gold will not trade.
*BTC trading scenarios:
+ Scenario 1: BUY when price tests the 61.5k - 61.8k zone, expecting TP at 63.5k - 64k.
+ Scenario 2: SELL when price is seen at 63.7k- 64k, expecting TP at 62.5k-62k.
> SL scenarios: 500-700 from entry
* ASSESSMENT + TRADING SCENARIOS are the views of the Team with the aim of providing reference information (not investment advice) - Wishing everyone a trading day: "Calm - Safe - Disciplined" @All
BTC/Gold continues the uptrend...
*Daily timeframe:
- On 03/07, BTC continued to rise with a cautious attempt to move into the 63k zone (specifically 69.95k), closing the session at 62.565k while maintaining upward momentum.
- RSI is approaching the 50 threshold.
- MACD shows buying strength.
*4-hour timeframe:
- On this timeframe, BTC shows alternating up-and-down movements, creating some hesitation, then gradually creeping up toward the 63k zone with relatively low volume.
- RSI on the 4-hour timeframe has surpassed the 50 level and has the potential to approach the 70 zone.
- MACD also agrees with the RSI signal on this timeframe.
*Gold: There is a good breakout after approaching the 4200 price zone (specifically 4196), and it is now holding around this area. - Today and tomorrow over the weekend, Gold will not trade.
*BTC trading scenarios:
+ Scenario 1: BUY when price tests the 61.5k - 61.8k zone, expecting TP at 63.5k - 64k.
+ Scenario 2: SELL when price is seen at 63.7k- 64k, expecting TP at 62.5k-62k.
> SL scenarios: 500-700 from entry
* ASSESSMENT + TRADING SCENARIOS are the views of the Team with the aim of providing reference information (not investment advice) - Wishing everyone a trading day: "Calm - Safe - Disciplined" @All