๐ BTC โ DOWNTREND CONTINUATION & MOVING AVERAGE BREAKDOWN! ๐ป
$BTC (Bitcoin) is trading lower at 82,639.3 (-0.52%, or roughly Rs22,888,606.92), moving within a 24-hour range between a high of 83,653.6 and a low of 81,715.0. Price action on this 4-hour chart displays an ongoing downside extension away from recent highs, currently trading beneath the fast MA(7) (82,980.2), MA(25) (84,754.3), and structural MA(99) (84,484.5) cluster.
๐ QUICK TRADE PLAN โ 4H
๐ด SHORT ENTRY: 83,500.0โ84,500.0 (on relief bounces or retests toward the moving average resistance zone)
๐ STOP LOSS: 85,300.0
๐ฏ TP1: 80,800.0
๐ฏ TP2: 79,200.0
Are you positioning for further downside on Bitcoin as it tests these lower ranges, or looking for signs of a reversal base? Let's discuss below! ๐
๐ Trade: $BTC
#BTC #bitcoin #cryptotrading #BinanceSquare #bearish
$BTC (Bitcoin) is trading lower at 82,639.3 (-0.52%, or roughly Rs22,888,606.92), moving within a 24-hour range between a high of 83,653.6 and a low of 81,715.0. Price action on this 4-hour chart displays an ongoing downside extension away from recent highs, currently trading beneath the fast MA(7) (82,980.2), MA(25) (84,754.3), and structural MA(99) (84,484.5) cluster.
๐ QUICK TRADE PLAN โ 4H
๐ด SHORT ENTRY: 83,500.0โ84,500.0 (on relief bounces or retests toward the moving average resistance zone)
๐ STOP LOSS: 85,300.0
๐ฏ TP1: 80,800.0
๐ฏ TP2: 79,200.0
Are you positioning for further downside on Bitcoin as it tests these lower ranges, or looking for signs of a reversal base? Let's discuss below! ๐
๐ Trade: $BTC
#BTC #bitcoin #cryptotrading #BinanceSquare #bearish