đ BTC holding $79,439 with $1.2B in daily volume â but here's what catches my eye: the rally is losing steam.
Bitcoin is technically in a strong uptrend, trading above all key moving averages (7d: $78,446 | 25d: $68,628 | 99d: $66,109). The structure is bullish. But volume is declining (0.59x ratio) while price grinds higher. That's a textbook warning.
The 4h RSI sits at 61.2 â healthy, not yet overbought. Daily RSI at 81.1 is elevated but not extreme for BTC. MACD histogram is positive on both timeframes (4h: +158.7 | 1d: +814.2), confirming upward momentum.
The long/short ratio at 1.11 is surprisingly balanced â no extreme positioning. That actually gives me more confidence than a crowded long.
đ Trade Plan (HOLD bias):
â Entry: $78,992 â $79,888
â Stop Loss: $80,605 (tight â invalidation if we break above and reverse)
â TP1: $82,617 | TP2: $85,795 | TP3: $88,973
â Risk/Reward: 2.7x | Confidence: 52%
đĄ The 2.7x R:R is attractive, but confidence is moderate due to volume divergence. Best play: scale in, don't go all-in.
BTC at $80K by Friday or pullback to $75K first? Drop your take đ
#BTC #Bitcoin #DYOR
â ïž Not financial advice. Do your own research. Crypto is volatile â never risk more than you can afford to lose.
Bitcoin is technically in a strong uptrend, trading above all key moving averages (7d: $78,446 | 25d: $68,628 | 99d: $66,109). The structure is bullish. But volume is declining (0.59x ratio) while price grinds higher. That's a textbook warning.
The 4h RSI sits at 61.2 â healthy, not yet overbought. Daily RSI at 81.1 is elevated but not extreme for BTC. MACD histogram is positive on both timeframes (4h: +158.7 | 1d: +814.2), confirming upward momentum.
The long/short ratio at 1.11 is surprisingly balanced â no extreme positioning. That actually gives me more confidence than a crowded long.
đ Trade Plan (HOLD bias):
â Entry: $78,992 â $79,888
â Stop Loss: $80,605 (tight â invalidation if we break above and reverse)
â TP1: $82,617 | TP2: $85,795 | TP3: $88,973
â Risk/Reward: 2.7x | Confidence: 52%
đĄ The 2.7x R:R is attractive, but confidence is moderate due to volume divergence. Best play: scale in, don't go all-in.
BTC at $80K by Friday or pullback to $75K first? Drop your take đ
#BTC #Bitcoin #DYOR
â ïž Not financial advice. Do your own research. Crypto is volatile â never risk more than you can afford to lose.