Analyzing the 4-hour BTC chart:
$BTC
Current market situation
1. *Price*: 91,339.90 USDT with a change of +0.83% in 24h.
2. *Moving Averages (MA)*:
- MA(7): 91,388 (price close, but slightly below).
- MA(25): 90,919 (dynamic support).
- MA(99): 90,200 (strong long-term support).
3. *Indicators*:
- *RSI(6)*: 52.37 → neutral, no signs of extreme overbought or oversold conditions.
- *MACD*: DIF = 83.68, DEA = -33.03, MACD = 116.71 → positive histogram suggests emerging bullish momentum.
4. *Volume*: 16,517 BTC (24h), indicating moderate activity.
Swing trading analysis
1. *Trend*: The price has rebounded from ~89,311 (recent low) toward 91,339, suggesting possible recovery.
2. *Key levels*:
- *Support*: 90,039 (MA(25)) and 89,311 (recent low).
- *Resistance*: 92,519 (24h high) and 94,701 (psychological resistance).
3. *Entry signal*:
- If price breaks above 92,000 with increasing volume, it could be a bullish entry (breakout).
- Alternative: wait for a pullback to 90,000 for a lower-risk entry.
4. *Risk management*:
- *Stop-loss*: Below 89,800 (to avoid falling to lower support).
- *Take-profit*: 93,500-94,000 (10% above current price).
Recommendation
In the current scenario, the market shows mixed signals. For swing trading:
- *Conservative option*: Wait for confirmation of breakout above 92,200 with high volume.
- *Aggressive option*: Enter at 91,000 with stop adjusted to 89,800, targeting 93,500.