BTC is trading around $83,865, nearing the short-term support zone after dropping 1.94% in 24 hours. The 15m RSI has fallen to 11.7, indicating deeply oversold conditions.
$BTC – LONG
Trading plan:
Entry: $83,792.69 – $83,927.31
SL: $83,186.91
TP1: $85,071.57
TP2: $85,654.92
TP3: $86,328.01
Why this setup?
• The 4h trend is LONG; EMA20=$85,373.39, EMA50=$84,787.82.
• RSI 15m=11.7; RSI 4h=38.0.
• ATR 1h=$448.73; entry is near the current price, with an R:R of 1.8 at TP1.
The case:
If buying momentum returns in oversold territory, the price could retest the EMA20. However, losing the $83,186 level would open the way to the daily support at $76,296.
Click here to trade 👇
$BTC – LONG
Trading plan:
Entry: $83,792.69 – $83,927.31
SL: $83,186.91
TP1: $85,071.57
TP2: $85,654.92
TP3: $86,328.01
Why this setup?
• The 4h trend is LONG; EMA20=$85,373.39, EMA50=$84,787.82.
• RSI 15m=11.7; RSI 4h=38.0.
• ATR 1h=$448.73; entry is near the current price, with an R:R of 1.8 at TP1.
The case:
If buying momentum returns in oversold territory, the price could retest the EMA20. However, losing the $83,186 level would open the way to the daily support at $76,296.
Click here to trade 👇
