January 27,
$BTC 1-Hour Chart and Long/Short Strategies
The current price is between the middle and upper bands of the Bollinger Bands, indicating a short-term bullish bias, but the upper band and previous highs are under pressure. The middle band is a key support level.
🎯 Long/Short Strategy Summary
🔼 Long
- Conservative: Wait for a pullback to 87,900–88,000 and enter once stabilized
- Take Profit: 88,400 → 91,200
- Stop Loss: 87,500
- Breakout: Volume breakout above 88,426 to chase long positions
- Take Profit: 90,000
- Stop Loss: 88,000
🔽 Short
- Resistance: Enter on hesitation near 8