📉 BTC — INTRADAY RETRACEMENT & MOVING AVERAGE COMPRESSION! 🔴
$BTC (Bitcoin) is trading lower at 84,791.9 (-1.80%, or roughly Rs23,475,485.43), moving within a 24-hour range between a high of 86,354.5 and a low of 83,841.9. Price action on this 4-hour chart displays a cooling-down pullback after testing higher toward the 87,249.6 resistance region, currently compressing right around the fast MA(7) (84,662.7) and MA(25) (84,280.6) while staying comfortably above the major structural MA(99) (83,266.5) base.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 83,500.0–84,500.0 (on stabilization and support defense near the lower MA cluster or major demand zones)
🛑 STOP LOSS: 82,300.0
🎯 TP1: 86,200.0
🎯 TP2: 88,500.0
Are you accumulating Bitcoin on this 4H moving average test, or waiting for a clearer continuation pattern? Let's discuss below! 👇
👉 Trade: $BTC
#BTC #bitcoin #cryptotrading #BinanceSquare #TechnicalAnalysis
$BTC (Bitcoin) is trading lower at 84,791.9 (-1.80%, or roughly Rs23,475,485.43), moving within a 24-hour range between a high of 86,354.5 and a low of 83,841.9. Price action on this 4-hour chart displays a cooling-down pullback after testing higher toward the 87,249.6 resistance region, currently compressing right around the fast MA(7) (84,662.7) and MA(25) (84,280.6) while staying comfortably above the major structural MA(99) (83,266.5) base.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 83,500.0–84,500.0 (on stabilization and support defense near the lower MA cluster or major demand zones)
🛑 STOP LOSS: 82,300.0
🎯 TP1: 86,200.0
🎯 TP2: 88,500.0
Are you accumulating Bitcoin on this 4H moving average test, or waiting for a clearer continuation pattern? Let's discuss below! 👇
👉 Trade: $BTC
#BTC #bitcoin #cryptotrading #BinanceSquare #TechnicalAnalysis
