A trade plan for BTC/USDT #GateSquareAprilPostingChallenge $BTC ‌

Current Price: 72,788.1 USDT (+1.46%)
24h Range: 71,425.4 – 73,457.4
Bollinger Bands (20,2):

· UB: 73,432.5
· MB: 72,874.4
· LB: 72,316.3
MACD:
· MACD line: -71.2 (below zero)
· DIF: 182.3
· DEA: 253.6

MACD is bearish (MACD line below DEA, histogram negative), but price is still above LB and near the middle band.

🔹 Primary Trade Plan: Short on Rejection (higher probability)

Entry (Short):

· Zone: 72,850 – 72,950 (near middle band MB: 72,874.4)

Stop Loss:

· 73,200 (above recent minor high + room)

Take Profit Targets:

· TP1: 72,300 (lower band area)
· TP2: 71,800 (below LB, toward 24h low)

Risk/Reward (approx.):

· Risk: ~350 points
· Reward to TP1: ~600 → ~1.7 : 1
· Reward to TP2: ~1,100 → ~3.1 : 1

🔸 Alternate Trade Plan: Long Only if LB Holds

Entry (Long):

· 72,320 – 72,400 (near LB: 72,316.3)

Stop Loss:

· 72,000 (below LB + psychological level)

Take Profit Targets:

· TP1: 72,874 (middle band)
· TP2: 73,400 (near upper band)

Risk/Reward:

· Risk: ~400 points
· Reward to TP1: ~500 → ~1.25 : 1
· Reward to TP2: ~1,000 → ~2.5 : 1

📌 Key Notes

· MACD confirms bearish momentum – shorts are safer.
· Price is currently below MB → weaker bullish case.
· BTC shows stronger trend than ETH or GT – respect levels more strictly.
· Best setup: Wait for price to touch MB (72,874) and reject downward.