VIEW #BTC | 09:30 – 10/11
Kenny Choi
BTC is currently trading around 74K8, continuing to move sideways near the bottom of the downtrend.
This means yesterday’s view for the team, as well as the one in the video, fully matched both expected moves: the correction and the recovery.
📊 TECHNICAL ANALYSIS
15M: A mild correction is underway, with weak momentum.
1H: Momentum is still there, but price is moving slowly. The next target is to test the support zone and liquidation cluster around 75K5.
4H & 1D: The dominant trend is still downward. However, the short-term decline is narrowing, and the market will most likely continue moving slowly and testing price levels throughout the day.
1W: BTC is at an extremely important support zone. If it holds above 73K this week, the market still has a chance to maintain the bullish scenario. Conversely, if this level is lost, the risk of a deep drop will increase.
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🎯 INTRADAY TRADING PLAN
Daily resistance: 76K3 – 76K6
Short-term support: 74K1 – 74K4
You can trade these two support and resistance zones during the day, preferably from the morning session through the start of the evening session.
⚠️ NOTES & STRATEGY
The broader trend is still downward, but BTC is currently just above an important support zone, so there is no need to rush to conclusions about its next move.
In particular, there are not many good entries in the current market. Instead of trying to trade constantly, we should patiently watch whether BTC holds or loses this important support zone to determine its direction and wait for new setup zones.
For now, the main strategy is still to trade around the 4H range, prioritizing capital management and waiting for confirmation rather than FOMOing into price movements.
Kenny Choi | GoatCryptoGains
$BTC #TinFed #phântích
Kenny Choi
BTC is currently trading around 74K8, continuing to move sideways near the bottom of the downtrend.
This means yesterday’s view for the team, as well as the one in the video, fully matched both expected moves: the correction and the recovery.
📊 TECHNICAL ANALYSIS
15M: A mild correction is underway, with weak momentum.
1H: Momentum is still there, but price is moving slowly. The next target is to test the support zone and liquidation cluster around 75K5.
4H & 1D: The dominant trend is still downward. However, the short-term decline is narrowing, and the market will most likely continue moving slowly and testing price levels throughout the day.
1W: BTC is at an extremely important support zone. If it holds above 73K this week, the market still has a chance to maintain the bullish scenario. Conversely, if this level is lost, the risk of a deep drop will increase.
$
🎯 INTRADAY TRADING PLAN
Daily resistance: 76K3 – 76K6
Short-term support: 74K1 – 74K4
You can trade these two support and resistance zones during the day, preferably from the morning session through the start of the evening session.
⚠️ NOTES & STRATEGY
The broader trend is still downward, but BTC is currently just above an important support zone, so there is no need to rush to conclusions about its next move.
In particular, there are not many good entries in the current market. Instead of trying to trade constantly, we should patiently watch whether BTC holds or loses this important support zone to determine its direction and wait for new setup zones.
For now, the main strategy is still to trade around the 4H range, prioritizing capital management and waiting for confirmation rather than FOMOing into price movements.
Kenny Choi | GoatCryptoGains
$BTC #TinFed #phântích