Daily BTCUSDT.P OKX Analysis ⚡

Data as of: April 3, 2068, 12:40 PM (GMT+7)

Current Price: 83,437.9

Previous Weekly High (PWH): 88,807

Previous Weekly Low (PWL): 81,553.3

- Short-Term Trend:

- Bearish OB and CHoCH Bearish signals detected, indicating increased selling pressure.

- Money flow is starting to drain, and EMA 50 and EMA 200 crossover downwards, suggesting a downtrend.

- Trend Strength signaling a sell.

- Summary: 70% downward trend.

- Mid-Term Trend:

- Currently in a sideways trend, but with selling pressure targeting Buyside Liquidity.

- EMA 50 and EMA 200 are still in a sideways pattern.

- Summary: 55% downward trend.

- Long-Term Trend:

- Still in an uptrend, but weakening, with Buyside Liquidity as a target.

- EMA 50 and EMA 200 in an uptrend.

- Summary: 60% upward trend.

- Today's Trend:

- The summary of today's trend shows a 60% downward trend.

Example Trading Strategies (Daily Trade Setup):

- Strategy 1: Short-Term Profit Taking (Sell)

- Entry Price: 83,500

- Target Price: 82,500

- Stop Loss: 83,800

- Risk-Reward Ratio (RR): 1:3.3

- Description: Wait for the price to rebound to the entry price and form a Bearish candlestick reversal before entering a Sell order.

- Strategy 2: Set a Pending Sell Order (Sell)

- Entry Price: 83,750

- Target Price: 82,000

- Stop Loss: 84,000

- Risk-Reward Ratio (RR): 1:5.8

- Description: Place a pending Sell order at the entry price with specified target and stop-loss levels.

- Strategy 3: Short-Term Profit Taking (Buy)

- Entry Price: 81,600

- Target Price: 82,500

- Stop Loss: 81,300

- Risk-Reward Ratio (RR): 1:3

- Description: Wait for the price to retrace to a significant support level and form a Bullish candlestick reversal before entering a Buy order.

Cautions:

- The market is highly volatile; rigorous risk management is crucial.

- Stay updated on news and fundamental factors that may impact the price.

Disclaimer:

- This analysis is for personal opinion only and does not constitute investment advice. Investors should conduct thorough research and exercise caution.

I hope this information is helpful to everyone!