Technical analysis by Supachai-Taechapisit about Symbol BTC: Buy recommendation (1/30/2025)

BTC/USD 3-Day Chart Analysis- Key LevelsCritical Support:$100,000: Psychological level and prior swing low. A breakdown here targets $90,000 (lower wedge trendline).Short-Term Resistance:$110,000: 61.8% Fibonacci retracement of the wedge’s upward move.$130,000: All-time high (ATH) and measured move target.Technical Indicators*Volume: Confirm bullish entries with volume spikes > 30% above average.*RSI: Watch for 50–70 (neutral to overbought). A dip below 50 signals weakness.*MACD: Bullish crossover above zero line confirms momentum.--------------------------------------------------------Trading StrategyScenario : Bullish ReversalEntry: Long on a bullish engulfing candle above $105,000.Stop-Loss: $100,000 (below support).Take-Profit:TP1: $110,000 (61.8% Fib).TP2: $130,000 (ATH).**************************************************Advanced Risk Management :Position Sizing: Use 1–2% of capital per trade +Dynamic Stop: Trail stops using ATR (14-period) for volatility adjustments +News Catalysts: Monitor for Fed rate decisions or regulatory updates (e.g., ETF approvals) #