🟥 1. What's happening now
Bitcoin is like someone going down the stairs…
Each candle goes below the previous one → meaning the price is dropping and the trend is down.
The EMA 7, 25, and 99 are all above the price → meaning the strength is still with the sellers.
The RSI is around 38 → meaning there is a drop but it hasn't reached the "very cheap price" stage yet.
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📉 2. Where is the support we can buy from?
Support means "a place where the price stops or rebounds from"
First support:
➡ 88,000 – 87,800
If the price touches this area and a strong candle forms upwards → we might buy a small part.
Second support (stronger):
➡ 85,500 – 85,000
And this is a very strong area… if the price reaches it, it will likely rebound.
🔸 If you are going to buy: buy a part at 88 thousand
And if it drops, buy another part at 85 thousand
To make your average nice.
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📈 3. Where do we sell (resistance)?
Resistance means "a place where the price stops and drops"
First resistance (sell half the quantity):
➡ 90,500 – 91,200
Second resistance (sell the remainder):
➡ 92,300 – 92,800
If the price reaches these areas, it will likely reduce the rise.
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🟢 Very quick summary
Wait to buy around: 88 thousand or 85 thousand
Sell at: 90.5 thousand and 92.3 thousand
The trend is currently down, so buy quietly.