Bitcoin (scalping + forecast 2-17)
Resistance:
🩸 Major Resistance: $98,500 (breaking above unlocks $103,000+).
🩸 Local Resistance: $97,800 (sellers defending this level aggressively).
Support:
🩸 Major Support: $92,500 (if broken, expect $88,500 to be tested).
🩸 Local Support: $94,500 (short-term buyers stepping in).
Indicators:
MACD (2H, 1D): Bearish momentum but flattening—potential reversal setup.
RSI (2H, 1D): Around 45-48, indicating neutral to slight bearish pressure.
EMA 200 (2H, 1D): Acting as dynamic resistance, pushing price lower.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Sideways Trading)
Buy: $94,500 – $96,000, targeting $97,800.
Sell: $97,800 – $98,500, targeting $95,000.
Stop-loss: Below $94,200 (for long), above $98,800 (for short).
🩸 2. Breakout Scalping (Momentum Trading)
Long Entry: Above $98,500, targeting $103,000.
Short Entry: Below $92,500, targeting $88,500.
🩸 3. EMA/VWAP Scalping
If BTC retests EMA 200 and rejects, short with a target at $95,000.
If BTC flips EMA 200 into support, long with a target at $98,500.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
Bullish Scenario: BTC reclaims $98,500, confirming $100,000+ breakout.
Bearish Scenario: BTC loses $92,500, leading to a deeper correction toward $88,500.
🔥 News & Market Context:
Macroeconomics: U.S. inflation concerns could drive volatility.
Institutional Flow: No aggressive accumulation yet—watch for spot buying volume.
Stock Market Correlation: S&P 500 hovering near highs—any risk-off move could impact BTC.
🔥 Decision:
🩸 Short-term: Range trading, waiting for a breakout.
🩸 Mid-term: Watching $98,500 level—long only if confirmed breakout.
🩸 Ideal Play: Scalping inside the range, until confirmation of direction.
đź‘‘ Final Verdict:
BTC remains in consolidation mode, with $98,500 acting as a major resistance wall. Scalping opportunities within the range are ideal, while larger moves depend on a breakout confirmation. Patience is key—don't chase weak signals.
🔥 FinCaesar's Quote:
"The market is a battlefield. Only those who strike with precision claim victory." đź‘‘
🩸 Major Resistance: $98,500 (breaking above unlocks $103,000+).
🩸 Local Resistance: $97,800 (sellers defending this level aggressively).
Support:
🩸 Major Support: $92,500 (if broken, expect $88,500 to be tested).
🩸 Local Support: $94,500 (short-term buyers stepping in).
Indicators:
MACD (2H, 1D): Bearish momentum but flattening—potential reversal setup.
RSI (2H, 1D): Around 45-48, indicating neutral to slight bearish pressure.
EMA 200 (2H, 1D): Acting as dynamic resistance, pushing price lower.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Sideways Trading)
Buy: $94,500 – $96,000, targeting $97,800.
Sell: $97,800 – $98,500, targeting $95,000.
Stop-loss: Below $94,200 (for long), above $98,800 (for short).
🩸 2. Breakout Scalping (Momentum Trading)
Long Entry: Above $98,500, targeting $103,000.
Short Entry: Below $92,500, targeting $88,500.
🩸 3. EMA/VWAP Scalping
If BTC retests EMA 200 and rejects, short with a target at $95,000.
If BTC flips EMA 200 into support, long with a target at $98,500.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
Bullish Scenario: BTC reclaims $98,500, confirming $100,000+ breakout.
Bearish Scenario: BTC loses $92,500, leading to a deeper correction toward $88,500.
🔥 News & Market Context:
Macroeconomics: U.S. inflation concerns could drive volatility.
Institutional Flow: No aggressive accumulation yet—watch for spot buying volume.
Stock Market Correlation: S&P 500 hovering near highs—any risk-off move could impact BTC.
🔥 Decision:
🩸 Short-term: Range trading, waiting for a breakout.
🩸 Mid-term: Watching $98,500 level—long only if confirmed breakout.
🩸 Ideal Play: Scalping inside the range, until confirmation of direction.
đź‘‘ Final Verdict:
BTC remains in consolidation mode, with $98,500 acting as a major resistance wall. Scalping opportunities within the range are ideal, while larger moves depend on a breakout confirmation. Patience is key—don't chase weak signals.
🔥 FinCaesar's Quote:
"The market is a battlefield. Only those who strike with precision claim victory." đź‘‘
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.