BTC price analysis from AI

29 ביוני

#BTC #4h
BTCUSDT
BTCUSDT
BTCUSD

2024-06-29 23:00 | 61057.38
claude-3.5-sonnet
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# Current situation analysis: (funding and volume)

Current aggregated funding is 0.0079%, indicating weak bullish sentiment in the market. Trading volumes are moderate, without significant spikes. The fear and greed index is at 30, indicating a predominance of fear in the market.

# Support and resistance levels:

Support: 60700, 60300, 59500
Resistance: 61200, 61600, 62000

# BTC price movement forecast against the dollar:

## Short-term forecast: (intraday)
Consolidation in the range of 60700-61200 is expected with a possible breakout to 61600.
#### Probability of movement:
Up: 60%
Down: 40%

## Medium-term forecast: (1-7 days)
The uptrend is likely to continue with a target of 62000-63000.
#### Probability of movement:
Up: 65%
Down: 35%

## Long-term forecast: (2-3 weeks)
A correction to the levels of 58000-59000 is possible before the growth continues.
#### Probability of movement:
Up: 55%
Down: 45%

# Conclusions:

1. The market is in a consolidation phase after a recent decline.
2. Bullish sentiment prevails, but high volatility persists.
3. The key level is 61200 - its breakthrough will open the way to 62000.
4. It is necessary to monitor trading volumes to confirm movements.

# Position entry recommendations:

1. Buy on a breakout of 61200 with a target of 61600-62000.
2. Sell from 61600 with a target of 60700-60300.
3. If 60300 breaks, it is possible to enter a short position with a target of 59500.

# Entry and exit points and stop-loss: (best option)

Long position entry: 61220
Take-profit: 61850 (profit 1.03%)
Stop-loss: 60600 (risk 1.01%)

Risk/reward ratio: 1:1.02