Quick update on the $BTC phien session this afternoon for brothers who are waiting for the board. At this moment, the market is showing some fairly strong jitters, causing many F0 traders to start panicking and wanting to offload their positions.
Looking at the short-term technical data, I see the market is in a state of intense back-and-forth. Specifically:
🔹 15-minute chart: Price is currently below both MA(20) at 78890 and EMA(9) at 78914. The bear side is temporarily in control, with selling pressure weighing down on the LONG chase orders.
🔹 1-hour chart: More interesting signals appear when MA(20) is at 78930 and EMA(9) is at 78850. This convergence suggests price is trading sideways within a tight range. This is the crucial battle zone between buyers and sellers.
My perspective: $BTC pulling back to around the 78k6 area is normal after a strong PUMP just happened. Don’t let FUD on social media lead you by the nose. If 78k2 isn’t decisively broken, the recovery window is still very bright.
My personal setup today:
📌 Position: LONG
🎯 Entry: Wait to accumulate around 78400 – 78550.
🎯 Take profit (TP): Expect a rebound toward 79500 – 80000.
🎯 Stop loss (SL): Close the position if price loses the 77900 level.
For those who prefer safety, just stay outside and observe which side wins in the 78k9 zone before putting money in. Don’t try to catch a falling knife when the market is actively heating up during the adjustment.
Are you holding LONG or SHORT in this move? Anyone currently in profit or “green grass” already? Share below!
#Trading #Crypto #MarketUpdate
Note: This is my personal viewpoint, not investment advice. Trading always comes with risk (DYOR).
Looking at the short-term technical data, I see the market is in a state of intense back-and-forth. Specifically:
🔹 15-minute chart: Price is currently below both MA(20) at 78890 and EMA(9) at 78914. The bear side is temporarily in control, with selling pressure weighing down on the LONG chase orders.
🔹 1-hour chart: More interesting signals appear when MA(20) is at 78930 and EMA(9) is at 78850. This convergence suggests price is trading sideways within a tight range. This is the crucial battle zone between buyers and sellers.
My perspective: $BTC pulling back to around the 78k6 area is normal after a strong PUMP just happened. Don’t let FUD on social media lead you by the nose. If 78k2 isn’t decisively broken, the recovery window is still very bright.
My personal setup today:
📌 Position: LONG
🎯 Entry: Wait to accumulate around 78400 – 78550.
🎯 Take profit (TP): Expect a rebound toward 79500 – 80000.
🎯 Stop loss (SL): Close the position if price loses the 77900 level.
For those who prefer safety, just stay outside and observe which side wins in the 78k9 zone before putting money in. Don’t try to catch a falling knife when the market is actively heating up during the adjustment.
Are you holding LONG or SHORT in this move? Anyone currently in profit or “green grass” already? Share below!
#Trading #Crypto #MarketUpdate
Note: This is my personal viewpoint, not investment advice. Trading always comes with risk (DYOR).