According to the screenshot, I’m looking at the $BTC /USDT 4H chart:
Price: 78,258
MA(7): 78,662 (below the price)
MA(25): 79,104 (below)
MA(99): 78,898 (below)
RSI(6): 35.64 (weak, near the oversold zone)
Recent high: 79,760
Recent low: 77,620
Right now the chart shows short-term bearish pressure because the price is below all the major moving averages. But since RSI is low, a small bounce from here is also possible.
Important levels:
🔻 If 77,600–77,700 breaks → there’s a chance of downside continuation; next support around 76,800–77,000.
🔺 If price gives a 4H close above 78,900–79,100 → a strong recovery/bounce could happen.
My read: I won’t chase a direct long right now. Waiting for break confirmation is better.
If taking a short, it will be safer after the support break; shorting at the current level is risky because a bounce can occur.
(This is not financial advice—just chart analysis. Crypto has high volatility.)
#BTC #bitcoin #Crypto_Jobs🎯 #bitcoin #BinanceSquareTalks
Price: 78,258
MA(7): 78,662 (below the price)
MA(25): 79,104 (below)
MA(99): 78,898 (below)
RSI(6): 35.64 (weak, near the oversold zone)
Recent high: 79,760
Recent low: 77,620
Right now the chart shows short-term bearish pressure because the price is below all the major moving averages. But since RSI is low, a small bounce from here is also possible.
Important levels:
🔻 If 77,600–77,700 breaks → there’s a chance of downside continuation; next support around 76,800–77,000.
🔺 If price gives a 4H close above 78,900–79,100 → a strong recovery/bounce could happen.
My read: I won’t chase a direct long right now. Waiting for break confirmation is better.
If taking a short, it will be safer after the support break; shorting at the current level is risky because a bounce can occur.
(This is not financial advice—just chart analysis. Crypto has high volatility.)
#BTC #bitcoin #Crypto_Jobs🎯 #bitcoin #BinanceSquareTalks