🌏 [ASIAN SESSION] SUMMARY:
• BTC staged a solid recovery after a sharp wick down, following a deep liquidation sweep to a new low of 82,227.56 USDT. It is currently trading around 83,143.36 USDT.
• The price has moved back above the short-term dynamic support line MA(7) at 82,912.71 USDT; however, it remains under heavy pressure from the MA(25) and MA(99) overhead.
• The H1 MACD indicator is still below zero (DIF: -385.29, DEA: -429.93), but green histogram bars are starting to appear and expand, indicating that panic selling has temporarily eased.
🇪🇺 [EUROPEAN SESSION] BASIC STRATEGY:
🐂 LONG scenario (prioritize a technical rebound):
• Trigger: Wait for a slight pullback to retest the MA(7) support zone around 82,800–83,000 USDT and look for a candle with a long lower wick, OR open a Long position if a strong H1 candle breaks out and closes entirely above the MA(25) at 83,350 USDT.
• Target (TP): 83,800, with the 84,300 USDT resistance zone as the next target.
• Stoploss (SL): Below the previous low of 82,500 USDT.
🐻 SHORT scenario (trade in line with the broader downtrend):
• Trigger: Open a Short position if the price rebounds to retest the strong resistance zone around 83,400–83,600 USDT but clearly loses momentum and forms a rejection candle, OR proactively enter a Short if an H1 candle suddenly reverses lower and decisively breaks the MA(7) support at 82,900 USDT.
• Target (TP): 82,300, retesting the 82,227 USDT low.
• Stoploss (SL): Above 83,850 USDT.
#Bitcoin #BTCUSDT #CryptoTrading #TechnicalAnalysis
• BTC staged a solid recovery after a sharp wick down, following a deep liquidation sweep to a new low of 82,227.56 USDT. It is currently trading around 83,143.36 USDT.
• The price has moved back above the short-term dynamic support line MA(7) at 82,912.71 USDT; however, it remains under heavy pressure from the MA(25) and MA(99) overhead.
• The H1 MACD indicator is still below zero (DIF: -385.29, DEA: -429.93), but green histogram bars are starting to appear and expand, indicating that panic selling has temporarily eased.
🇪🇺 [EUROPEAN SESSION] BASIC STRATEGY:
🐂 LONG scenario (prioritize a technical rebound):
• Trigger: Wait for a slight pullback to retest the MA(7) support zone around 82,800–83,000 USDT and look for a candle with a long lower wick, OR open a Long position if a strong H1 candle breaks out and closes entirely above the MA(25) at 83,350 USDT.
• Target (TP): 83,800, with the 84,300 USDT resistance zone as the next target.
• Stoploss (SL): Below the previous low of 82,500 USDT.
🐻 SHORT scenario (trade in line with the broader downtrend):
• Trigger: Open a Short position if the price rebounds to retest the strong resistance zone around 83,400–83,600 USDT but clearly loses momentum and forms a rejection candle, OR proactively enter a Short if an H1 candle suddenly reverses lower and decisively breaks the MA(7) support at 82,900 USDT.
• Target (TP): 82,300, retesting the 82,227 USDT low.
• Stoploss (SL): Above 83,850 USDT.
#Bitcoin #BTCUSDT #CryptoTrading #TechnicalAnalysis