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Bitcoin Rebound Trading Opportunities
The current crypto market is showing a clear rebound trend, with Bitcoin demonstrating a strong upward momentum. Based on technical analysis, here is a comprehensive BTC/USDT trading plan.
Entry point is set around 90,350, which is a key support breakout level. It is recommended to start with small funds to test the waters and gradually build a position for more stability.
The upward targets are divided into five levels: the first target at 91,315, the second resistance at 92,184, then aiming higher at 93,129. If the momentum continues, push towards 94,015, with the ultimate target in the 94,917 range.
For risk management, set the stop-loss at 89,214, which is a clear technical support break point. If the price falls below this level, it indicates a reversal, and a decisive stop-loss should be executed.
Overall, using small amounts of capital with a phased position-building approach, and strictly following these levels, can help seize opportunities during the rebound cycle.