Why this setup? • 1. Daily timeframe shows strong bearish bias with 75% confidence. • 2. RSI is trending downward, indicating weakening momentum. • 3. Price is currently rejected below the key resistance of $64,700.00.
Debate: Will BTC crash to $57k before the end of the month?
Click here to Trade 👇️ $BTCUSDT Perp $63,384.00 -1.14% ━━━━━━━━━━━━━━━━━━━━━━
**WHY THIS SETUP?** 📊 1. **4H Bias:** ETH is maintaining a short-term uptrend structure; the current price is above a strong SUPPORT zone at $1,512.00. 2. **Short-term TF:** Price is approaching the RESISTANCE ZONE at $1,833.40. If this level breaks, ETH will open the way for the next growth leg. 3. **Indicators:** - RSI is in a neutral area, indicating there’s still room for upside before hitting the overbought zone. - ATR shows volatility is tightening, signaling a Breakout is likely coming soon.
Strategy: Go LONG when price retests the Entry zone or when it clearly breaks the RESISTANCE $1,833.40 to optimize profit. 🎯
Do you think ETH will break $1,833.40 this week, or will it pull back to test SUPPORT $1,512.00 first? 🛡️