$BTC
$85.590 Bollinger Squeeze! Ready to Break $86.725 or Dump to $84.216?
Update $BTC $85.590 (-0,11%)
See 4H BOLL: UP $86.512 MB $85.364 DN $84.216. Price is squeezed into a range of just 2,6%. This is an accumulation phase.
MACD 4H -43,16 & 1H -100,34 is still red, but narrowing. RSI 4H 48,92 is neutral, RSI 1H 62,25 is bullish.
The 24h low of $84.972 held perfectly above DN $84.216. As long as $84.216 doesn't break, I'm bullish.
Break $86.725 -> $88.528
Break $84.216 -> $83.859
#BTC #Bitcoin #BTCUSDT
BUY / SELL SETUP - FINAL:
1. BUY SETUP - BREAKOUT / RETEST (Recommended):
- Option A - Buy the Retest (Safer):* Entry $85.364 - $85.500 (4H MB) - Now!
TP 1: $86.512 (4H UP)
TP 2: $86.725 (24h High)
TP 3: $88.528 (1H UP)
SL: $84.100 below 4H DN $84.216
- Option B - Buy the Breakout (Aggressive): Enter only if the 4H candle closes above $86.725,12
TP: $88.528 - $89.356
SL: $85.800
2. SELL SETUP - DON'T SHORT SPOT:
This isn't an area to short. If you want to scalp a futures short, do it only as a hedge:
- Sell at $86.500 - $87.395,67
- SL: $88.600
- TP: $85.364 and $84.216
Risk: BTC is in an indecisive phase right now, just like when you asked earlier, "Where is Galaxy going?" In the short term, it isn't clearly heading anywhere, but the larger trend points toward $88K+.
Gradually accumulating spot at $85.364 is key. Are you already waiting at MB or waiting for a breakout above $86.725, ?DYOR
$85.590 Bollinger Squeeze! Ready to Break $86.725 or Dump to $84.216?
Update $BTC $85.590 (-0,11%)
See 4H BOLL: UP $86.512 MB $85.364 DN $84.216. Price is squeezed into a range of just 2,6%. This is an accumulation phase.
MACD 4H -43,16 & 1H -100,34 is still red, but narrowing. RSI 4H 48,92 is neutral, RSI 1H 62,25 is bullish.
The 24h low of $84.972 held perfectly above DN $84.216. As long as $84.216 doesn't break, I'm bullish.
Break $86.725 -> $88.528
Break $84.216 -> $83.859
#BTC #Bitcoin #BTCUSDT
BUY / SELL SETUP - FINAL:
1. BUY SETUP - BREAKOUT / RETEST (Recommended):
- Option A - Buy the Retest (Safer):* Entry $85.364 - $85.500 (4H MB) - Now!
TP 1: $86.512 (4H UP)
TP 2: $86.725 (24h High)
TP 3: $88.528 (1H UP)
SL: $84.100 below 4H DN $84.216
- Option B - Buy the Breakout (Aggressive): Enter only if the 4H candle closes above $86.725,12
TP: $88.528 - $89.356
SL: $85.800
2. SELL SETUP - DON'T SHORT SPOT:
This isn't an area to short. If you want to scalp a futures short, do it only as a hedge:
- Sell at $86.500 - $87.395,67
- SL: $88.600
- TP: $85.364 and $84.216
Risk: BTC is in an indecisive phase right now, just like when you asked earlier, "Where is Galaxy going?" In the short term, it isn't clearly heading anywhere, but the larger trend points toward $88K+.
Gradually accumulating spot at $85.364 is key. Are you already waiting at MB or waiting for a breakout above $86.725, ?DYOR
