🚨
$BTC AT A CRITICAL CROSSROADS: Make or Break at $69K! 🚨
Market is bleeding, but is this a trap for the bears? Let’s dive into the live multi-timeframe data for Bitcoin (
$BTC ).
Right now, BTC is hovering right on the edge of the crucial $69,000 psychological support zone. The bears have been in control, pushing the price down from the local highs, but the data suggests a plot twist might be incoming. 👇
📉 The Bearish View:
The SuperTrend indicator across the 15m, 1H, and 1D charts is flashing red. The MACD momentum is still showing downward pressure, meaning the broader trend is currently respecting the sellers.
📈 The Bullish Hope (Why you shouldn't blindly short here):
Take a look at the 1-Hour chart. The RSI has plunged into heavily oversold territory (currently sitting below 30). Historically, when the 1H RSI gets this low around major support, the sellers run out of gas, leading to an aggressive short-term relief bounce.
🎯 MY TRADING PLAN & LEVELS:
Patience pays off here. We are playing the bounce, but with strict risk management.
Zone of Interest: $68,700 – $69,000 (Watch for strong buying volume here)
Entry (Scalp Long): $69,100 – $69,300 (Enter only after a confirmed 15m bullish candle close)
Target 1: $69,800
Target 2: $70,500
Target 3: $70,900
Stop Loss: $68,500 (Strict! If we lose 68.5k, we might see a rapid flush down).
⚠️ Pro Tip: Leverage should be kept low (Max 5x-10x). This is a counter-trend scalp setup based on oversold conditions, not a macro trend reversal yet. Don't let FOMO control your bag!
What are your thoughts? Are you buying this dip or waiting for lower levels? Let me know in the comments! 👇
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