*BTCUSD daily timeframe D1 📉 Struggle over the downtrend*
*1. Moving averages = strong resistance*
= MA50* ~ 62279
= MA21* ~ 62000
= MA200* ~ 66806
*Situation: price 62673 is above MA50 + MA21* ✅ but still below MA200 by -6.2% ❌
*Price stuck at 62279* = failed first test. Breaking it and holding above it = buy signal.
*Important*: 66806 is far away = the big downtrend is still active.
- *MACD: 1269.230*: still bearish ❌ below zero, but the histogram has started to shrink = bearish momentum is weakening.
*. D1 Trading Plan*
*Rule*: "Below MA200 + RSI 48 = sell the bounce, above MA50 = buy the correction"
*Plan A: Sell the bounce = safest D1*
*SELL LIMIT 63500 - 63800*
*Why?* Test at 63583 + downtrend line. Supply zone.
*Stop: 64500* = 0.01 = 1.5% above 64563
*Target 1: 62279 = MA50* = -2%
*Target 2: 60645* = -4.5%
*Target 3: 59666* = -6%
*Plan B: Buy the breakout = if it gains strength*
*BUY STOP 62800*
*Why?* Break and hold above 62673 + MA50 = to move toward 63583.
*Stop: 61625* = 1.8%
*Target: 63583* = +1.4%
*Target 2: 64563* = +2.8%
$BTC
*Summary:*
*Bitcoin D1 is in an area of confusion*. Break above MA50 ✅ but still below MA200 ❌ + MACD is bearish.
*This is a bounce within a downtrend* not a reversal.
*Risk Management*:
1. *Best trade: sell 63600 stop 64500 target 62279* = R:R 1:2.2
2. If 62800 breaks and holds = flip to a buy targeting 63500.
3. Break above 66806 = that’s when we say the trend has reversed. Otherwise, it’s all sell.
*Question*: Should we sell the bounce at 63600? Or wait for the break of 62800 and buy on the breakout?
#btc
*1. Moving averages = strong resistance*
= MA50* ~ 62279
= MA21* ~ 62000
= MA200* ~ 66806
*Situation: price 62673 is above MA50 + MA21* ✅ but still below MA200 by -6.2% ❌
*Price stuck at 62279* = failed first test. Breaking it and holding above it = buy signal.
*Important*: 66806 is far away = the big downtrend is still active.
- *MACD: 1269.230*: still bearish ❌ below zero, but the histogram has started to shrink = bearish momentum is weakening.
*. D1 Trading Plan*
*Rule*: "Below MA200 + RSI 48 = sell the bounce, above MA50 = buy the correction"
*Plan A: Sell the bounce = safest D1*
*SELL LIMIT 63500 - 63800*
*Why?* Test at 63583 + downtrend line. Supply zone.
*Stop: 64500* = 0.01 = 1.5% above 64563
*Target 1: 62279 = MA50* = -2%
*Target 2: 60645* = -4.5%
*Target 3: 59666* = -6%
*Plan B: Buy the breakout = if it gains strength*
*BUY STOP 62800*
*Why?* Break and hold above 62673 + MA50 = to move toward 63583.
*Stop: 61625* = 1.8%
*Target: 63583* = +1.4%
*Target 2: 64563* = +2.8%
$BTC
*Summary:*
*Bitcoin D1 is in an area of confusion*. Break above MA50 ✅ but still below MA200 ❌ + MACD is bearish.
*This is a bounce within a downtrend* not a reversal.
*Risk Management*:
1. *Best trade: sell 63600 stop 64500 target 62279* = R:R 1:2.2
2. If 62800 breaks and holds = flip to a buy targeting 63500.
3. Break above 66806 = that’s when we say the trend has reversed. Otherwise, it’s all sell.
*Question*: Should we sell the bounce at 63600? Or wait for the break of 62800 and buy on the breakout?
#btc
