$BTC is currently trading around $89,000–$92,000, showing signs of short-term consolidation. Here’s a step-by-step guide for trading with clear stop-loss levels:
Step 1: Identify Key Support and Resistance Levels
1. Support Levels:
$90,000 – Immediate support; potential buy zone.
$88,000 – Stronger support; backup buy zone if price dips further.
2. Resistance Levels:
$93,000 – First resistance; breakout indicates bullish momentum.
$95,000 – Strong resistance; sustained move above may continue trend.
Step 2: Analyze the Trend
BTC is currently range-bound between support and resistance.
Momentum shows a slightly bearish bias, but buyers may step in near support.
Look for breakouts or breakdowns as confirmation for trading decisions.
Step 3: Plan Trades with Stop-Loss
A) Range Trading
Buy near support ($90,000)
Target: $93,000
Stop-Loss: $89,000 (below support)
Sell near resistance ($93,000)
Target: $90,000
Stop-Loss: $94,000 (above resistance)
B) Breakout Trading
Buy on breakout above $93,000
Target: $95,000+
Stop-Loss: $92,000 (below breakout level)
Sell on breakdown below $90,000
Target: $88,000
Stop-Loss: $91,000 (above breakdown level)
Step 4: Risk Management
Risk 1–2% of your capital per trade.
Always use stop-loss orders to protect against volatility.
Avoid trading during major news events.
Step 5: Monitor & Adjust
Reassess support/resistance daily.
Adjust stop-losses as price forms new highs or lows.
Exit trades early if momentum shifts unexpectedly.
✅ Summary:
BTC is in a range-bound phase with slightly bearish bias. Traders can buy near support or sell near resistance and always use stop-loss to minimize risk. Breakouts above $93,000 or breakdowns below $90,000 can offer higher probability trades with proper stops.
If you want, I can also make a visual chart showing support, resistance, entry points, targets, and stop-loss zones—perfect for posting for traders. Do you want me to create that?
