The $73,510 floor held—but $BTC still hasn't confirmed anything 📊
In the morning, $BTC was at $73,812, near the week's floor. By the afternoon, it was at $75,133 (-1.24% in 24h; -4.41% for the week): up about $1,300 since morning, and the day's low was exactly $73,510—the support held, with no 4h close below it.
VERDICT: STILL WAITING. The floor held, but confirmation of the relief scenario hasn't come yet: the price remains below the 20-period average ($75,629) and the 50-period average ($77,040). The RSI-14 is at 28.6—still oversold.
📍 CURRENT LEVELS
Support: $73,510 (weekly low)
Resistance: $75,629 (20-period average) and $76,095 (24h high); then $77,040
SCENARIO A — Relief: a 4h close above $75,629 opens the way to test $76,095 and then $77,040.
SCENARIO B — Floor breaks: a 4h close below $73,510 invalidates the support, and there is no nearby support on the chart.
👀 WHAT TO WATCH BEFORE THE CLOSE
How the 4h candles close relative to the 20-period average; whether the RSI moves out of oversold territory (above 30); and whether the recovery holds on volume. Wicks don't count—only closes.
⚠️ RISK: An oversold RSI is not a buy signal on its own—in a downtrend, it can remain oversold for days. Risk management first: small position, stop below support.
Bottom line: the market caught its breath, but still hasn't made up its mind. Do you think $BTC will close the day above the 20-period average, or will the floor be tested again? 👇
$BTC #Bitcoin #CriptoVisao
In the morning, $BTC was at $73,812, near the week's floor. By the afternoon, it was at $75,133 (-1.24% in 24h; -4.41% for the week): up about $1,300 since morning, and the day's low was exactly $73,510—the support held, with no 4h close below it.
VERDICT: STILL WAITING. The floor held, but confirmation of the relief scenario hasn't come yet: the price remains below the 20-period average ($75,629) and the 50-period average ($77,040). The RSI-14 is at 28.6—still oversold.
📍 CURRENT LEVELS
Support: $73,510 (weekly low)
Resistance: $75,629 (20-period average) and $76,095 (24h high); then $77,040
SCENARIO A — Relief: a 4h close above $75,629 opens the way to test $76,095 and then $77,040.
SCENARIO B — Floor breaks: a 4h close below $73,510 invalidates the support, and there is no nearby support on the chart.
👀 WHAT TO WATCH BEFORE THE CLOSE
How the 4h candles close relative to the 20-period average; whether the RSI moves out of oversold territory (above 30); and whether the recovery holds on volume. Wicks don't count—only closes.
⚠️ RISK: An oversold RSI is not a buy signal on its own—in a downtrend, it can remain oversold for days. Risk management first: small position, stop below support.
Bottom line: the market caught its breath, but still hasn't made up its mind. Do you think $BTC will close the day above the 20-period average, or will the floor be tested again? 👇
$BTC #Bitcoin #CriptoVisao
