BTC/USD Trading Plan for January 12 - January 17, 2025

Current Price: 94779.1

Overview

The market sentiment for BTC/USD is currently bullish based on short-term technical indicators, although there are bearish signals in some aspects of the analysis. Key support and resistance levels have been established for trading this week.

Key Support and Resistance Levels

Daily Trading Plan

The following trading strategy is based on expected market movements for each day of the week:

January 12, 2025 (Monday)

Outlook: Bullish. Market sentiment is strong with technical indicators pointing towards upward movement.

Action: Buy near support level (S1: 92044.3) and target resistance (R1: 96800.4).

January 13, 2025 (Tuesday)

Outlook: Neutral to Bullish. Watch for a potential pullback.

Action: Consider holding positions from Monday; buy on dips if the price approaches S1.

January 14, 2025 (Wednesday)

Outlook: Bearish. Indicators show potential for a downtrend.

Action: If prices hit resistance (R1), consider shorting with a target at S2.

January 15, 2025 (Thursday)

Outlook: Bullish reversal expected. Market could recover from Wednesday's drop.

Action: Buy near S2 if price retraces; aim for R1.

January 16, 2025 (Friday)

Outlook: Bullish. Potential for profit-taking as the week ends.

Action: Consider taking profits at R1 or holding for R2 depending on momentum.

January 17, 2025 (Saturday)

Outlook: Market closure. Evaluate positions for next week.

Action: Review overall performance; prepare for potential shifts next week.

Conclusion

This trading plan combines technical analysis, current market sentiment, and established support/resistance levels. Monitor news events and adjust strategies as necessary to align with market movements.