#Short-term
BTC has approached the $272XX level, which invalidates the potential pullback from $26750 to $26350. Following yesterday's FUD (Fear, Uncertainty, and Doubt), the recovery from critical support to the current point suggests that the bulls are demonstrating strength and resilience eyes on $27300 for now!.

#Mid&long-Term,
Currently the range of $27500 to $28500 has been serving as strong resistance for the past four weeks. As long as BTC remains below this range, the primary outlook of testing the $24XXX/22XXX zone remains valid. However, if BTC manages to break out above $30K on a daily or weekly basis, it would invalidate this view. It is crucial to exercise caution and wait for clear signals or a confirmed breakout before considering significant positions.
https://www.tradingview.com/x/5TaaQxRe/


It's important to remember that market conditions can change rapidly. Staying updated and adapting strategies accordingly is essential. Keeping a close eye on price levels and key resistance areas will aid in assessing the market's direction and making well-informed trading decisions.

we ask Allah reconcile and repay.

we ask Allah reconcile and repay.

#Short-term movement update!
As we see BTC has encountered resistance around the $273XX level and is currently testing the $2633X range, which were both mentioned in the previous update as short-term resistance and support levels. Monitoring the movement and performance at these levels will help determine whether a scalping setup is viable or not. It's important to note that short-term trading does not alter our view for the mid-to-long term outlook.

It's crucial to stay updated and adjust strategies accordingly while keeping in mind the broader perspective. Market conditions can change rapidly, so exercising caution and making informed decisions based on price action and key levels will contribute to successful trading.

we ask Allah reconcile and repay.

#BTCUSDT (Short-term Setup) RISKY Scalping

Buy: 26860.00000000

Take-Profit Targets:

Target 1: 27118.50000000
Potential Profit: 1.00%

Target 2: 27655.50000000
Potential Profit: 3.00%

Target 3: 28192.50000000
Potential Profit: 5.00%

Stop-Loss: 26313.00000000
Signal Risk/Reward: 2.00% / 5.00%
R:R = 1.5:1
Potential ROI: 3%

Risk Percentage / Position size: 0.5%

Exchange: Binance, KuCoin, ByBit,

Duration: 3-7 days
Confidence in Trade: Low
Technical Analysis:

we ask Allah reconcile and repay.

Binance, ByBit Spot, KuCoin
#BTC/USDT All entry targets achieved
Average Entry Price: 26860 💵

The last scalping trade probably might fail because the market did not react as expected to the bullish engulfing setup.
make sure to place SL at 26313!
https://www.tradingview.com/x/4JejZkVQ/
we ask Allah reconcile and repay.

Binance, ByBit Spot, KuCoin
#BTC/USDT Stoploss ⛔
Loss: 2.0365% 📉

#Chart status for last short-term update!

https://www.tradingview.com/x/Oqn6Za3J/

we ask Allah reconcile and repay.

It's important for you to stick with the risk management plan that we have set.

For the risk management plan, we have specified the following:

If you have $1k, the recommended risk is $5.
If you have $5k, the recommended risk is $25.
If you have $10k, the recommended risk is $50.
If you have $50k, the recommended risk is $250.
If you have $100k, the recommended risk is $500.
These figures represent the net loss you would incur if the trade hits the stop-loss level. Additionally, the potential reward for this trade is set at 1.5 times the risk, meaning that for every dollar you risk, there is a potential gain of $1.5.

It's crucial to understand how risk management works and its importance in trading. If you have any questions or need further clarification, please feel free to contact our support team.

we ask Allah reconcile and repay.

To determine your investment amount for a trade, you can follow this simple formula:

Investment Amount = Risk Amount / Stop-loss Percent

For example, if you have a risk amount of $50 and a stop-loss percent of 20%, you can calculate your investment amount as follows:

Investment Amount = $50 / 20% = $250

In this case, you should consider investing $250 in the trade. This calculation helps you allocate an appropriate amount of capital based on your desired risk tolerance and the percentage of potential loss you are willing to accept.

Remember, risk management is crucial in trading, and it's important to only invest amounts that you are comfortable with and align with your overall trading strategy.

we ask Allah reconcile and repay.

#BTC In the #short-term, BTC experienced a pullback from $273XX to $26100, followed by a slight rebound from this level. If BTC manages to hold above the $26100 area, it will provide an opportunity for the bulls to regroup and potentially launch another upward move. However, if the price drops back below $25500, it would be a strong indication for bears to gain control and potentially reach their targets, as mentioned in the mid-to-long-term update.
https://www.tradingview.com/x/phjbWrDn/
Given the current market conditions, characterized by uncertainty, it is prudent to wait for strong confirmations before taking significant positions. One potential confirmation could be a daily close above $27500, which would signal strength and provide a basis for a long position. Conversely, a daily breakdown below $25500 could serve as a signal to enter from a lower support line.

"Remaining patient and waiting for clear signals or confirmations helps reduce risks and increase the probability of successful trades."

we ask Allah reconcile and repay.

If you are eager to buy Bitcoin and have a belief that the price will rise, feel free to average your entry price by purchasing at either $26,670, $26,500 USD. it's advisable to set a stop-loss (SL) order at 25,500 USD. However, it is crucial to establish a risk management plan before engaging in the trade.

On the other hand, I will wait for a confirmation sign as I anticipate further retracement.

Here are some explanations about risk management that might be useful for you.
https://t.me/WildBitcoin/5535
https://t.me/WildBitcoin/5536

we ask Allah reconcile and repay.

To ensure clarity, our current stance remains focused on expecting additional retracement in the mid to long-term below 25K, irrespective of short-term fluctuations. Nevertheless, this perspective would be invalidated if Bitcoin were to surpass the 28,500 mark and maintain a weekly close above 30,000 USD, at the very least.

If you are taking the contrary side, it is crucial to have a well-defined risk management plan in place, as we previously explained.

Good luck to All
we ask Allah reconcile and repay

BTC short-term S&R levels! updated

Support $26430 - $26100 - $25850
Resistance $26850 - $27150 -$27400

we ask Allah reconcile and repay.

BTC short-term S&R levels! (10-6-2023)

Support $25540 - $25100 - $24740
Resistance $25700 - $26150 -$26750

we ask Allah reconcile and repay.

#BTC
#Short-term 📉
Bitcoin (BTC) has experienced a significant price drop of $1,000 ⬇️ in the past 12 hours. This has led to a market-wide downturn, with altcoins also being affected. This negative movement can be described as a "bloodbath" 🩸, and the overall market cap has decreased by around 6.6%. The decline may be attributed to Fear, Uncertainty, and Doubt (FUD) circulating in the market. 🤔

One possible scenario for BTC is a potential downward movement ⬇️ towards the range of $25,100 to $24,750 🔱. If this occurs, it could present a favorable opportunity for scalping 🤑, taking advantage of the significant price gap, with a potential target of around $26,400 🎯 before a potential final panic-driven decline 📉 to levels around $23,000 , $22,000 , or even $21,000.
💡 It's important to approach such scenarios with caution and implement effective risk management strategies to mitigate potential losses. Traders should closely monitor the market conditions and adapt their trading strategies accordingly.

#Mid to long-term 📈
Looking at the mid to long-term perspective, BTC is once again approaching the $25,000 level during the weekend. If BTC closes the week below $24,500 , it will achieve the first level we set in previous updates. This would signal a potential further decline 📉 towards the $23,500 to $22,500 range in the upcoming week. This aligns with our previous analysis 📊, which was biased to more retracement in the mid to long-term, with a focus on a move below the $25,000 level.

#Altcoin performance 📉
In the market, we have observed a different outcome than what we anticipated, particularly concerning altcoins. Despite BTC experiencing about 12 weeks of sideways movement 🔄, altcoins have not performed well. In fact, they have either broken down or are currently declining towards major support levels. 📉

https://www.tradingview.com/x/Ci3dTdQ3/

"Remaining patient and waiting for clear signals or confirmations helps reduce risks and increase the probability of successful trades."


Please read this user guide 📖 , before you follow us: 👇
https://bit.ly/3gbsILg
https://prnt.sc/XbrZNK9yHYMf

Good luck to all.
Wild Bitcoin™
🙏we ask Allah reconcile and repay🙏

Stay calm, focus on the long term, and avoid making impulsive decisions based on fear and market fluctuations.

#BTCUSDT Risky Setup

Buy : 24772 - 25181 - 25770

Take - Profit Targets:

Target 1: 26119
Potential Profit: 3.56%

Target 2: 26568
Potential Profit: 5.34%

Target 3: 27467
Potential Profit: 8.91%



Stop-Loss: 24338
Risk/Reward: 3.50% / NA%
Potential ROI : NA%

Risk Percentage / Position size : 0.5%

Exchange : Binance, KuCoin, ByBit, Bitstamp, Coinbase

Duration: 1-3 Days
Confidence in Trade : Low

Note: Potential profit and ROI calculated from average entry.

we ask Allah reconcile and repay.

Binance, ByBit Spot, KuCoin
#BTC/USDT Entry 1 ✅
Average Entry Price: 25770 💵