🇪🇺 [EUROPEAN SESSION] SUMMARY:
• BTC continued to face intense selling throughout the European session, and is now breaking to new lows and trading around the day's low of 83,016 USDT.
• The bearish H1 structure is overwhelmingly dominant, with candles plunging almost vertically and trading far below the MA(7), MA(25), and MA(99) moving averages.
• The H1 MACD is plunging well below the zero line (DIF: -586.91, DEA: -475.24), while the red histogram bars continue to expand sharply, indicating extremely intense panic-selling pressure.
🇺🇸 [US SESSION] BASE CASE STRATEGY:
🐻 SHORT scenario (preferred, in line with the strong downtrend):
• Trigger: Wait for the early US-session technical rebound to retest the MA(7) resistance zone around 83,600–83,800 USDT and show a decisive rejection candle, OR chase a Short if price decisively breaks below the psychological 83,000 USDT level with a long-bodied H1 candle.
• Target (TP): 82,500, with 82,000 USDT as a deeper target.
• Stop-loss (SL): Above 84,100 USDT.
🐂 LONG scenario (risky play for a technical rebound):
• Trigger: The H1 chart is deeply oversold. Open a small-volume Long position only if price makes an exceptionally strong liquidation sweep into the firm support zone at 82,000–82,300 USDT, then immediately rebounds with a clear Pin Bar or Hammer candle.
• Target (TP): 83,300–83,700 USDT.
• Stop-loss (SL): Strictly below 81,700 USDT.
#Bitcoin #BTCUSDT #CryptoTrading #TechnicalAnalysis
