BTC Crypto Futures Trade Plan 2025-04-29

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Technical Analysis Synthesis:

Price Position Relative to Key Moving Averages:

The current price ($94,915.60) is above the SMA(20) ($88,267.28), SMA(50) ($85,434.15), and SMA(200) ($89,519.18), indicating a bullish trend. The price is also above the EMA(9) ($92,837.46) and EMA(21) ($89,558.27), further confirming the bullish momentum. RSI Readings:

The RSI(14) is at 67.99, which is in the overbought region but not extremely overbought, suggesting there might be some room for further upside before a potential correction. Bollinger Bands:

The price is near the upper Bollinger Band ($98,399.16), indicating a potential overbought condition and possibly due for a pullback. The width of the Bollinger Bands suggests moderate volatility. Key Support/Resistance Levels:

Immediate support levels are around $88,267.28 (SMA(20)) and $85,434.15 (SMA(50)). Resistance is seen near $98,399.16 (Upper Bollinger Band).

Market Sentiment Integration:

Market Sentiment Data: