BTC sitting at $78,324, barely red at -0.7%. But the internals tell a more interesting story.
4H RSI at 42.3 — leaning bearish but not oversold. Price is below both the 7-MA ($78,630) and 25-MA ($79,040) on the 4H. MACD histogram is deep in negative territory at -52.
But volume is declining (0.56x normal). This isn't panic selling — it's a slow drift. The daily chart still looks constructive: RSI 59.6, MACD massively positive, price well above the 25-MA ($76,960) and 99-MA ($66,833).
This feels like a pullback within a larger uptrend. The question is: where does it end?
📋 Trade Plan (SHORT — scalping the pullback):
• Entry: $77,953 - $78,694
• Stop Loss: $79,805 (above the 4H 25-MA — reclaim invalidates the short)
• TP1: $75,615 | TP2: $73,276 | TP3: $70,158
⚠️ Confidence: 51% — low conviction. This is a counter-trend scalp, not a swing. Keep size small.
$75K support hold or are we revisiting $70K? Let me know 👇
#Bitcoin #BTC #DYOR
⚠️ Not financial advice. Always do your own research and manage risk.
4H RSI at 42.3 — leaning bearish but not oversold. Price is below both the 7-MA ($78,630) and 25-MA ($79,040) on the 4H. MACD histogram is deep in negative territory at -52.
But volume is declining (0.56x normal). This isn't panic selling — it's a slow drift. The daily chart still looks constructive: RSI 59.6, MACD massively positive, price well above the 25-MA ($76,960) and 99-MA ($66,833).
This feels like a pullback within a larger uptrend. The question is: where does it end?
📋 Trade Plan (SHORT — scalping the pullback):
• Entry: $77,953 - $78,694
• Stop Loss: $79,805 (above the 4H 25-MA — reclaim invalidates the short)
• TP1: $75,615 | TP2: $73,276 | TP3: $70,158
⚠️ Confidence: 51% — low conviction. This is a counter-trend scalp, not a swing. Keep size small.
$75K support hold or are we revisiting $70K? Let me know 👇
#Bitcoin #BTC #DYOR
⚠️ Not financial advice. Always do your own research and manage risk.