$BTC Update: Sharp Dip Into Oversold, Bulls Defending $75.6K 🟠
• Bitcoin (BTCUSDC Perp) is trading around $76,167, down -0.55% in the last 24 hours. The 24h range is $75,600 to $77,969, with strong volume of about $3.01B USDC.
Short-term view (1h chart):
• Price rejected from $77,969, dropped hard, and bounced from the $75,600 low with a long lower wick
• Supertrend is bearish at $77,575, acting as overhead resistance
• RSI(6) is at 19.5, deeply oversold, so a relief bounce is possible but not confirmed
• Resistance: $76,524, then $77,045 and $77,575
• Support: $76,002, then $75,600 and $75,481
Bigger picture:
• Today: -1.71%
• 7 Days: -5.38%
• 30 Days: -10.69%
• 90 Days: +17.71%
• 180 Days: -4.99%
• 1 Year: -28.75%
BTC is in a short-term downtrend, but the long lower wick near $75,600 shows buyers stepped in aggressively. Sellers stay in control until the Supertrend line is reclaimed. Because BTC leads the whole market, this zone matters for every altcoin too.
📊 Trade Plan (Example Only):
Long (oversold bounce):
• Entry: $75,900 - $76,300 (confirm with a green 1h candle)
• Stop Loss: $75,350
• TP1: $76,524
• TP2: $77,045
• TP3: $77,575
• Risk-Reward: approx. 1:2
Short (breakdown play):
• Entry: Below $75,550 with a 1h candle close
• Stop Loss: $76,100
• TP1: $75,000
• TP2: $74,400
Invalidation: For longs, a 1h close below $75,600 cancels the bounce. For shorts, a strong 1h close above $76,524 invalidates the breakdown.
Oversold does not mean "buy now." Wait for confirmation, use small position size, and keep leverage low on futures.
Is BTC ready for a relief bounce or another leg down? Share your view below! 👇
Not financial advice. Always DYOR. Futures trading carries high risk.
#BTC #bitcoin #crypto #cryptotrading #TradingSignals
$BMT
$RUNE
• Bitcoin (BTCUSDC Perp) is trading around $76,167, down -0.55% in the last 24 hours. The 24h range is $75,600 to $77,969, with strong volume of about $3.01B USDC.
Short-term view (1h chart):
• Price rejected from $77,969, dropped hard, and bounced from the $75,600 low with a long lower wick
• Supertrend is bearish at $77,575, acting as overhead resistance
• RSI(6) is at 19.5, deeply oversold, so a relief bounce is possible but not confirmed
• Resistance: $76,524, then $77,045 and $77,575
• Support: $76,002, then $75,600 and $75,481
Bigger picture:
• Today: -1.71%
• 7 Days: -5.38%
• 30 Days: -10.69%
• 90 Days: +17.71%
• 180 Days: -4.99%
• 1 Year: -28.75%
BTC is in a short-term downtrend, but the long lower wick near $75,600 shows buyers stepped in aggressively. Sellers stay in control until the Supertrend line is reclaimed. Because BTC leads the whole market, this zone matters for every altcoin too.
📊 Trade Plan (Example Only):
Long (oversold bounce):
• Entry: $75,900 - $76,300 (confirm with a green 1h candle)
• Stop Loss: $75,350
• TP1: $76,524
• TP2: $77,045
• TP3: $77,575
• Risk-Reward: approx. 1:2
Short (breakdown play):
• Entry: Below $75,550 with a 1h candle close
• Stop Loss: $76,100
• TP1: $75,000
• TP2: $74,400
Invalidation: For longs, a 1h close below $75,600 cancels the bounce. For shorts, a strong 1h close above $76,524 invalidates the breakdown.
Oversold does not mean "buy now." Wait for confirmation, use small position size, and keep leverage low on futures.
Is BTC ready for a relief bounce or another leg down? Share your view below! 👇
Not financial advice. Always DYOR. Futures trading carries high risk.
#BTC #bitcoin #crypto #cryptotrading #TradingSignals
$BMT
$RUNE
