Trade Setup
Outcome: Open Long
Entry Price: $97,070
Stop Loss: $96,000
Take Profit: $100,000
Confidence Level: 75%
Market Context & Justification
🔹 Bullish Sentiment & Long-Short Ratio – Positive trader sentiment and a 1.2 buy/sell ratio on Binance Perpetuals suggest more long positions entering the market.
🔹 Technical Indicators – Mixed signals:
RSI: Neutral (no clear overbought/oversold signals).
MACD: Negative on 1h and 15m, but showing signs of recovery on the daily timeframe.
🔹 Support & Resistance Levels
Price is near support, increasing the likelihood of a bounce.
A breakout above $98,869 could fuel further upside toward the take-profit level at $100,000.
🔹 Options & Liquidity Impact
CME Max Pain Price at $95,000 may act as a pullback zone if BTC faces short-term selling pressure.
Large liquidation clusters at $95,000 could trigger stops if downside volatility increases.
🔹 Funding & Open Interest Data
Funding Rate: Slightly positive at 0.02%, indicating mild bullish positioning.
Open Interest: 76,232 BTC, showing active participation in the market.
Conclusion
Despite mixed technicals, strong sentiment and positioning data support a long entry at $97,070, with a stop loss at $96,000 to mitigate downside risk. If resistance at $98,869 is broken, BTC has a high probability of reaching $100,000. However, traders should monitor liquidation clusters and options expiry effects for potential volatility.
Outcome: Open Long
Entry Price: $97,070
Stop Loss: $96,000
Take Profit: $100,000
Confidence Level: 75%
Market Context & Justification
🔹 Bullish Sentiment & Long-Short Ratio – Positive trader sentiment and a 1.2 buy/sell ratio on Binance Perpetuals suggest more long positions entering the market.
🔹 Technical Indicators – Mixed signals:
RSI: Neutral (no clear overbought/oversold signals).
MACD: Negative on 1h and 15m, but showing signs of recovery on the daily timeframe.
🔹 Support & Resistance Levels
Price is near support, increasing the likelihood of a bounce.
A breakout above $98,869 could fuel further upside toward the take-profit level at $100,000.
🔹 Options & Liquidity Impact
CME Max Pain Price at $95,000 may act as a pullback zone if BTC faces short-term selling pressure.
Large liquidation clusters at $95,000 could trigger stops if downside volatility increases.
🔹 Funding & Open Interest Data
Funding Rate: Slightly positive at 0.02%, indicating mild bullish positioning.
Open Interest: 76,232 BTC, showing active participation in the market.
Conclusion
Despite mixed technicals, strong sentiment and positioning data support a long entry at $97,070, with a stop loss at $96,000 to mitigate downside risk. If resistance at $98,869 is broken, BTC has a high probability of reaching $100,000. However, traders should monitor liquidation clusters and options expiry effects for potential volatility.
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.