5 June - Detaile analysis and trading BTC/USD (Bitcoin/U.S. Dollar) on the Daily (1D) Timeframe:

Detaile analysis and trading BTC/USD (Bitcoin/U.S. Dollar) on the Daily (1D) timeframe:

Report for PERSONAL REFERENCE ________________________________________ ✅ Overview of Current Market Situation • Current Price: ~$104,263 • Daily Gain: +2.65% on the current candle • Exchange: BITSTAMP • Timeframe: 1-Day (D) ________________________________________ 📈 Technical Indicators on Chart Two exponential moving averages (EMA) are plotted: EMA Type Value Trend Indication EMA 50 (blue thin) ~$96,379 Short-term trend support EMA 200 (blue bold) ~$88,887 Long-term trend support The price is well above both EMAs, confirming a strong uptrend in a longer timeframe. ________________________________________ 🧠 Price Action Insights 1. Recent High: Price made a swing high above $110,000. 2. Pullback Zone: The price is currently retracing after forming a local high. 3. Support Zone Nearby: o Psychological level at $100,000 is acting as a demand zone. o EMA 50 is near $96,000, likely to offer support. 4. Volume Observation: Volume on green candles (bullish) is generally stronger, indicating accumulation on dips. ________________________________________ 📊 Key Technical Levels Type Level (USD) Importance Immediate Resistance $110,000 Previous swing high Immediate Support $100,976 Horizontal support zone Strong Support $96,379 EMA 50 – bounce level Major Support $88,887 EMA 200 – uptrend invalidation ________________________________________ 🧩 Simple Strategy for New Traders 🔼 Bullish Scenario • If BTC holds above EMA 50 (~$96,000) and breaks above $110,000, expect a continuation toward $115,000–$120,000. • Entry idea: Wait for a bounce near $96K with bullish candle confirmation (e.g., hammer, bullish engulfing). 🔽 Bearish Scenario • If BTC closes below $96,000, it might test the EMA 200 (~$89K). • Avoid long trades below EMA 200 — signals potential trend reversal. ________________________________________ 🚨 Risk Management Tips for Beginners • Use Stop-Loss: Place stop below $95,000 if entering near $100,000. • Position Size: Do not risk more than 1-2% of your capital on a single trade. • No Emotion Trading: Stick to a plan; avoid trading just because of fear of missing out (FOMO). ________________________________________ 📝 Final Verdict BTC is in a healthy correction within an uptrend. As a new trader, watch for: • Support tests at $100K–$96K • Volume confirmation on bounces • Avoid chasing rallies without pullbacks This is a good learning phase — stick to simple moving average strategies, avoid leverage, and keep a trading journal. ________________________________________ Would you like a checklist format for daily use, or should I convert this into a PDF trading guide tailored for beginners?