$BTC
down 4.6% today. Is this dip worth buying? ๐
BTC/USDT is trading around $76,987 after a sharp fall from $81,971. Selling volume increased during the drop, and price remains below MA7 ($77,222), MA25 ($78,698), and MA99 ($79,981). The last 15m candle shows a small green bounce, but I'm not calling a reversal yet. Bears still have control.
๐ Key Levels:
๐ข Support: $76,658 โ $76,392
๐ด Resistance: $77,222 โ $77,561 โ $78,700
Bounce scenario: A 15m close above $77,222 could open a risky counter-trend move toward $77,561, then $78,700. Stop-loss below $76,600.
Breakdown scenario: A 15m close below $76,658 could push BTC toward $76,392 or lower. Stop-loss above $77,200.
My bias stays bearish until buyers prove otherwise. I'll wait for confirmation instead of chasing candles. Always use a stop-loss and risk no more than 1% of your capital per trade.
Are you buying this dip or waiting for confirmation?
#BTC #Binance #BinanceSquare
Not financial advice. DYOR.
down 4.6% today. Is this dip worth buying? ๐
BTC/USDT is trading around $76,987 after a sharp fall from $81,971. Selling volume increased during the drop, and price remains below MA7 ($77,222), MA25 ($78,698), and MA99 ($79,981). The last 15m candle shows a small green bounce, but I'm not calling a reversal yet. Bears still have control.
๐ Key Levels:
๐ข Support: $76,658 โ $76,392
๐ด Resistance: $77,222 โ $77,561 โ $78,700
Bounce scenario: A 15m close above $77,222 could open a risky counter-trend move toward $77,561, then $78,700. Stop-loss below $76,600.
Breakdown scenario: A 15m close below $76,658 could push BTC toward $76,392 or lower. Stop-loss above $77,200.
My bias stays bearish until buyers prove otherwise. I'll wait for confirmation instead of chasing candles. Always use a stop-loss and risk no more than 1% of your capital per trade.
Are you buying this dip or waiting for confirmation?
#BTC #Binance #BinanceSquare
Not financial advice. DYOR.
