BTC at $79K with daily RSI at 80. Most people are scared to buy here. Here is why they should not be 📈
Current picture:
Bitcoin is cruising at $78,926 with a beautiful trend structure — price above ALL major moving averages (7/25/99-day). The 4H MACD is expanding with positive histogram. Daily RSI at 80 is elevated, but in strong trends, RSI can stay overbought for WEEKS (remember the 2024 rally?).
🎯 Why This Trade Works:
The long/short ratio is 1.14 — more longs than shorts, which is healthy in an uptrend. Price is holding above the 4H SMA7 ($78,705), which acts as dynamic support. As long as BTC stays above $77,000, the path of least resistance is UP. The next major psychological level? $85K.
📋 Trade Plan (LONG):
• Entry: $78,400 — $79,500
• Stop Loss: $76,000 (below 4H support cluster)
• TP1: $82,000 (+4%)
• TP2: $85,000 (+8%)
• TP3: $88,000 (+12%)
• Risk/Reward: 1:2.3
⚡ Key insight: Volume is declining (0.74x average) while price holds steady. This is consolidation before the next leg — not exhaustion.
$85K this week or pullback to $75K? What is your call? 👇
#BTC #Bitcoin #DYOR
⚠️ This is personal analysis, not financial advice. Always do your own research and manage risk carefully.
Current picture:
Bitcoin is cruising at $78,926 with a beautiful trend structure — price above ALL major moving averages (7/25/99-day). The 4H MACD is expanding with positive histogram. Daily RSI at 80 is elevated, but in strong trends, RSI can stay overbought for WEEKS (remember the 2024 rally?).
🎯 Why This Trade Works:
The long/short ratio is 1.14 — more longs than shorts, which is healthy in an uptrend. Price is holding above the 4H SMA7 ($78,705), which acts as dynamic support. As long as BTC stays above $77,000, the path of least resistance is UP. The next major psychological level? $85K.
📋 Trade Plan (LONG):
• Entry: $78,400 — $79,500
• Stop Loss: $76,000 (below 4H support cluster)
• TP1: $82,000 (+4%)
• TP2: $85,000 (+8%)
• TP3: $88,000 (+12%)
• Risk/Reward: 1:2.3
⚡ Key insight: Volume is declining (0.74x average) while price holds steady. This is consolidation before the next leg — not exhaustion.
$85K this week or pullback to $75K? What is your call? 👇
#BTC #Bitcoin #DYOR
⚠️ This is personal analysis, not financial advice. Always do your own research and manage risk carefully.