🌏 [ASIAN SESSION] OVERVIEW:
• BTC is moving sideways within a narrow range as it consolidates after the sharp crash, currently trading around 84.170 USDT.
• The H1 chart structure continues to show a clear downtrend, with price well below the MA(7), MA(25), and MA(99) moving averages.
• The H1 MACD continues to slope downward below the zero line (DIF: -428,02, DEA: -243,46), with expanding red histogram bars, confirming that bears remain firmly in control ahead of the European session.
🇪🇺 [EUROPEAN SESSION] BASIC STRATEGY:
🐻 SHORT scenario (Preferred, in line with the main downtrend):
• Trigger: Wait for a technical rebound to test the short-term resistance zone around 84.500–84.700 USDT and a decisive reversal candle rejecting the price, OR proactively enter a Short if an H1 candle closes below the recent low at 83.577 USDT.
• Target (TP): 83.186, with the psychological support zone at 82.500 USDT as a deeper target.
• Stoploss (SL): Above 85.000 USDT.
🐂 LONG scenario (Catch a short-term technical rebound):
• Trigger: As technical indicators are in oversold territory, only consider opening a Long position if price makes a sharp liquidation sweep into the strong support zone at 83.186–83.350 USDT and a candle with a long lower wick quickly appears in response.
• Target (TP): 84.100–84.500 USDT.
• Stoploss (SL): Below 82.900 USDT.
#Bitcoin #BTCUSDT #CryptoTrading #TechnicalAnalysis
• BTC is moving sideways within a narrow range as it consolidates after the sharp crash, currently trading around 84.170 USDT.
• The H1 chart structure continues to show a clear downtrend, with price well below the MA(7), MA(25), and MA(99) moving averages.
• The H1 MACD continues to slope downward below the zero line (DIF: -428,02, DEA: -243,46), with expanding red histogram bars, confirming that bears remain firmly in control ahead of the European session.
🇪🇺 [EUROPEAN SESSION] BASIC STRATEGY:
🐻 SHORT scenario (Preferred, in line with the main downtrend):
• Trigger: Wait for a technical rebound to test the short-term resistance zone around 84.500–84.700 USDT and a decisive reversal candle rejecting the price, OR proactively enter a Short if an H1 candle closes below the recent low at 83.577 USDT.
• Target (TP): 83.186, with the psychological support zone at 82.500 USDT as a deeper target.
• Stoploss (SL): Above 85.000 USDT.
🐂 LONG scenario (Catch a short-term technical rebound):
• Trigger: As technical indicators are in oversold territory, only consider opening a Long position if price makes a sharp liquidation sweep into the strong support zone at 83.186–83.350 USDT and a candle with a long lower wick quickly appears in response.
• Target (TP): 84.100–84.500 USDT.
• Stoploss (SL): Below 82.900 USDT.
#Bitcoin #BTCUSDT #CryptoTrading #TechnicalAnalysis