📉 BTC — RANGE COMPRESSION & MOVING AVERAGE TIGHTENING! 🔻
$BTC (Bitcoin) is trading lower at 83,433.1 (-0.80%, or roughly Rs23,110,968.70), moving within a 24-hour range between a high of 84,340.2 and a low of 80,985.0. Price action on this 4-hour chart displays a volatile sweep and recovery sequence following the recent dip to the 80,344.8 base, currently pressing tightly across the fast MA(7) (83,054.3) and MA(25) (83,029.3) lines while testing just under the macro structural MA(99) (83,970.6) band.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 82,200.0–83,100.0 (on minor intraday support tests or successful reclaims of the MA cluster)
🛑 STOP LOSS: 81,300.0
🎯 TP1: 84,800.0
🎯 TP2: 86,500.0
Are you watching for a firm bullish push back above the MA(99) resistance, or expecting another sweep of the lower range? Let's discuss below! 👇
👉 Trade: $BTC
#BTC #bitcoin #cryptotrading #BinanceSquare #neutral
$BTC (Bitcoin) is trading lower at 83,433.1 (-0.80%, or roughly Rs23,110,968.70), moving within a 24-hour range between a high of 84,340.2 and a low of 80,985.0. Price action on this 4-hour chart displays a volatile sweep and recovery sequence following the recent dip to the 80,344.8 base, currently pressing tightly across the fast MA(7) (83,054.3) and MA(25) (83,029.3) lines while testing just under the macro structural MA(99) (83,970.6) band.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 82,200.0–83,100.0 (on minor intraday support tests or successful reclaims of the MA cluster)
🛑 STOP LOSS: 81,300.0
🎯 TP1: 84,800.0
🎯 TP2: 86,500.0
Are you watching for a firm bullish push back above the MA(99) resistance, or expecting another sweep of the lower range? Let's discuss below! 👇
👉 Trade: $BTC
#BTC #bitcoin #cryptotrading #BinanceSquare #neutral