💰 $78,464 BTC and the daily RSI is screaming at 79.7 — time to panic? Not yet.
Bitcoin just touched the $78.5K zone with $1.32B in daily volume, down a measly 0.75%. Here's what everyone misses: the daily MACD histogram is +774 and expanding. That's not a reversal signal — that's momentum refusing to die.
📊 The Setup:
Price is above all major SMAs: SMA7 ($77.4K), SMA25 ($67.9K), SMA99 ($66.1K). This is a textbook strong uptrend. The 4H RSI at 57.1 is actually cooling off nicely from the daily overbought reading — giving bulls room to push.
Volume is declining (0.53x average), which normally concerns me. But in a strong trend, low-volume pullbacks are continuation setups. The price barely moved on thin volume — that's a sign of conviction, not weakness.
🎯 Trade Plan:
Entry: $77,851 - $79,077 (current consolidation zone)
Stop Loss: $76,871 (below SMA7 — clear invalidation)
TP1: $81,603 | TP2: $84,741 | TP3: $87,880
R:R of 2.0 makes this worth the ride. Size accordingly.
🗳️ Is BTC heading to $85K this week or does $80K act as a wall? Vote:
A) $85K incoming 🚀
B) $80K rejection, back to $75K
C) Chop city — sideways grind
#BTC #Bitcoin #DYOR
⚠️ Disclaimer: Personal analysis only, not financial advice. Always DYOR and trade within your risk tolerance.
Bitcoin just touched the $78.5K zone with $1.32B in daily volume, down a measly 0.75%. Here's what everyone misses: the daily MACD histogram is +774 and expanding. That's not a reversal signal — that's momentum refusing to die.
📊 The Setup:
Price is above all major SMAs: SMA7 ($77.4K), SMA25 ($67.9K), SMA99 ($66.1K). This is a textbook strong uptrend. The 4H RSI at 57.1 is actually cooling off nicely from the daily overbought reading — giving bulls room to push.
Volume is declining (0.53x average), which normally concerns me. But in a strong trend, low-volume pullbacks are continuation setups. The price barely moved on thin volume — that's a sign of conviction, not weakness.
🎯 Trade Plan:
Entry: $77,851 - $79,077 (current consolidation zone)
Stop Loss: $76,871 (below SMA7 — clear invalidation)
TP1: $81,603 | TP2: $84,741 | TP3: $87,880
R:R of 2.0 makes this worth the ride. Size accordingly.
🗳️ Is BTC heading to $85K this week or does $80K act as a wall? Vote:
A) $85K incoming 🚀
B) $80K rejection, back to $75K
C) Chop city — sideways grind
#BTC #Bitcoin #DYOR
⚠️ Disclaimer: Personal analysis only, not financial advice. Always DYOR and trade within your risk tolerance.