Technical analysis by EA_GOLD_MAN_COPY_TRADE about Symbol BTC on 5/4/2025

EA_GOLD_MAN_COPY_TRADE

Entry Point: 95,431Stop Loss: 95,264Target Points:Upside (Target 1): 100,674 (Potential gain: +5.36%)Downside (Target 2): 86,614 (Potential loss: -7.57%)Trade Setup:Risk-Reward Ratio:Approx. 1:0.7 (Not ideal; the reward is smaller than the potential loss)Support Zones:Highlighted in purple beneath the entry zone — this indicates a historically strong support area.Resistance Zones:The upper purple zone marks the next significant resistance around 100,000–100,795.Technical Indicators:50 EMA (Blue Line): Indicates mid-term trend support, currently holding price action.Price Action: BTC appears to be retracing toward support after a bullish rally.Interpretation:The setup implies a long (buy) position with a very tight stop loss.The price is nearing a support zone, and if it holds, there's potential for an upward move to the target at 100,674.However, if price breaks below 95,264, a sharp drop to 86,614 is anticipated.