🇺🇸 [US SESSION] SUMMARY:
• BTC posted a slight wick-driven recovery after a liquidation sweep pushed it to a 24-hour low of 82.787,25 USDT. It is currently trading around 83.238,78 USDT.
• The H1 structure remains in a clear downtrend, with price pinned below dynamic support lines that have now turned into resistance: MA(7) at 83.318,83 USDT, as well as MA(25) and MA(99).
• The H1 MACD remains deep in negative territory (DIF: -474,77, DEA: -513,21), although the histogram shows a slight contraction with green bars. This suggests the sell-off has temporarily stalled, but sellers remain in control.
🌏 [ASIAN SESSION] BASIC STRATEGY:
🐻 SHORT scenario (Preferred, in line with the primary downtrend):
• Entry: Wait for an early-session technical rebound to test the short-term resistance zone around MA(7) and MA(25), near 83.400 – 83.800 USDT, followed by a reversal candle with a long wick. OR enter a momentum Short if an H1 candle closes decisively below the previous low of 82.787 USDT.
• Target (TP): 82.300, with a view toward the deeper psychological support zone around 82.000 USDT.
• Stop-loss (SL): Above 84.100 USDT.
🐂 LONG scenario (Short-term rebound trade):
• Entry: As technical indicators are oversold, only open a small-volume Long position if price drops sharply and triggers liquidations in the strong support area around 82.000 – 82.300 USDT, then immediately shows an extremely strong rebound with a decisive Pin Bar candle.
• Target (TP): 83.200 - 83.600 USDT.
• Stop-loss (SL): Strictly below 81.700 USDT.
#Bitcoin #BTCUSDT #CryptoTrading #TechnicalAnalysis
• BTC posted a slight wick-driven recovery after a liquidation sweep pushed it to a 24-hour low of 82.787,25 USDT. It is currently trading around 83.238,78 USDT.
• The H1 structure remains in a clear downtrend, with price pinned below dynamic support lines that have now turned into resistance: MA(7) at 83.318,83 USDT, as well as MA(25) and MA(99).
• The H1 MACD remains deep in negative territory (DIF: -474,77, DEA: -513,21), although the histogram shows a slight contraction with green bars. This suggests the sell-off has temporarily stalled, but sellers remain in control.
🌏 [ASIAN SESSION] BASIC STRATEGY:
🐻 SHORT scenario (Preferred, in line with the primary downtrend):
• Entry: Wait for an early-session technical rebound to test the short-term resistance zone around MA(7) and MA(25), near 83.400 – 83.800 USDT, followed by a reversal candle with a long wick. OR enter a momentum Short if an H1 candle closes decisively below the previous low of 82.787 USDT.
• Target (TP): 82.300, with a view toward the deeper psychological support zone around 82.000 USDT.
• Stop-loss (SL): Above 84.100 USDT.
🐂 LONG scenario (Short-term rebound trade):
• Entry: As technical indicators are oversold, only open a small-volume Long position if price drops sharply and triggers liquidations in the strong support area around 82.000 – 82.300 USDT, then immediately shows an extremely strong rebound with a decisive Pin Bar candle.
• Target (TP): 83.200 - 83.600 USDT.
• Stop-loss (SL): Strictly below 81.700 USDT.
#Bitcoin #BTCUSDT #CryptoTrading #TechnicalAnalysis