AI and CCPR indicator. BTC 65,000-$66,000 70% up

4. Juli

#BTC #4h #UpYellowBar
2024-07-04 03:04 | 60248
#anthropic/cloud-3.5-sonnet
I will answer as a world famous trading expert with the most prestigious REAL WORLD award - BEST TRADER IN THE WORLD

# Analysis of the current situation:
Funding on most exchanges is weakly positive (0.01-0.02%), indicating moderately bullish sentiment. Trading volumes decreased compared to previous days, which may indicate some uncertainty in the market. The fear and greed index is at 44, which corresponds to the state of "fear" and may indicate a potential buying opportunity.

# Support and resistance levels:
Support: $59,400, $58,500
Resistance: $61,000, $62,200, $63,200

# Forecast of BTC price movement relative to the dollar:
## Short-term forecast: (intraday)
Consolidation is expected in the range of $59,800-$60,800 with a possible breakout up to $61,000.
#### Probability of movement: 60% up, 40% down

## Medium-term forecast: (1-7 days)
An increase to the level of $62,000-$63,000 is likely, with a possible correction to $60,500.
#### Probability of movement: 65% up, 35% down

## Long term forecast: (2-3 weeks)
If the current dynamics are maintained, growth to $65,000-$66,000 is possible.
#### Probability of movement: 70% up, 30% down

# Conclusions:
The market is in a consolidation phase after the recent decline. Technical indicators and market sentiment indicate potential for an upward move in the near future. However, you should be careful due to possible volatility.

# Recommendations for entering a position:
Consider opening a long position when the level of $60,800 is broken with a target of $62,000. Set a stop loss below the support level at $59,400.

# Entry and exit locations and stop loss: (best option)
Entry: $60,800
Take profit: $62,000 (profit 1.97%)
Stop loss: $59,300 (2.47% risk)

Risk/reward ratio: 1:0.8 (not ideal, but acceptable in current market conditions)