๐ BTC โ CRITICAL BREAKDOWN & SUPPORT TEST! ๐ป
$BTC is trading lower at 80,425.9 (-2.86%, or roughly Rs22,263,497.64), moving within a 24-hour range between a high of 83,072.7 and a low of 80,027.0. Price action on this 4-hour chart displays an aggressive downward momentum wave, breaking decisively below the short-term and macro structural moving average bandsโincluding the fast MA(7) (81,253.1), MA(25) (82,762.5), and MA(99) (83,753.7).
๐ QUICK TRADE PLAN โ 4H
๐ข LONG ENTRY: 78,500.0โ80,200.0 (only upon confirmed volume absorption and structural defense of the key 80K psychological floor)
๐ STOP LOSS: 77,200.0
๐ฏ TP1: 82,500.0
๐ฏ TP2: 84,000.0
Are you watching for a hard bounce off the 80k threshold on Bitcoin, or preparing for a deeper continuation lower? Let's discuss below! ๐
๐ Trade: $BTC
#BTC #Bitcoin #cryptotrading #BinanceSquare #bearish
$BTC is trading lower at 80,425.9 (-2.86%, or roughly Rs22,263,497.64), moving within a 24-hour range between a high of 83,072.7 and a low of 80,027.0. Price action on this 4-hour chart displays an aggressive downward momentum wave, breaking decisively below the short-term and macro structural moving average bandsโincluding the fast MA(7) (81,253.1), MA(25) (82,762.5), and MA(99) (83,753.7).
๐ QUICK TRADE PLAN โ 4H
๐ข LONG ENTRY: 78,500.0โ80,200.0 (only upon confirmed volume absorption and structural defense of the key 80K psychological floor)
๐ STOP LOSS: 77,200.0
๐ฏ TP1: 82,500.0
๐ฏ TP2: 84,000.0
Are you watching for a hard bounce off the 80k threshold on Bitcoin, or preparing for a deeper continuation lower? Let's discuss below! ๐
๐ Trade: $BTC
#BTC #Bitcoin #cryptotrading #BinanceSquare #bearish