đš BTC â BEARISH CONTINUATION! SELLERS DEFEND MOVING AVERAGES! đ
$BTC (Bitcoin) is trading lower at 77,067.9, down -0.42%, consolidating underneath its 4H MA7 (77,105.9), MA25 (77,392.4), and major MA99 (78,445.3) moving averages after fluctuating between a 24h high of 77,477.4 and a low of 76,458.9.
đ QUICK TRADE PLAN â 4H
đŽ SHORT ENTRY: 77,200â77,800 (on weak relief bounces into the moving average resistance zone)
đ STOP LOSS: 78,500
đŻ TP1: 76,400
đŻ TP2: 76,000
đŻ TP3: 75,200
đ Rule: Enter on relief pushes into the MA cluster that yield immediate bearish rejection candles and declining volume.
â ïž Clean break and 4H close above 78,445.3 (reclaiming the MA99) invalidates the short setup and signals a shift toward mid-term bullish continuation.
đ Trade: $BTC
#BTC #TechnicalAnalysis #BinanceSquare #ShortSetup #TradingSignal
$BTC (Bitcoin) is trading lower at 77,067.9, down -0.42%, consolidating underneath its 4H MA7 (77,105.9), MA25 (77,392.4), and major MA99 (78,445.3) moving averages after fluctuating between a 24h high of 77,477.4 and a low of 76,458.9.
đ QUICK TRADE PLAN â 4H
đŽ SHORT ENTRY: 77,200â77,800 (on weak relief bounces into the moving average resistance zone)
đ STOP LOSS: 78,500
đŻ TP1: 76,400
đŻ TP2: 76,000
đŻ TP3: 75,200
đ Rule: Enter on relief pushes into the MA cluster that yield immediate bearish rejection candles and declining volume.
â ïž Clean break and 4H close above 78,445.3 (reclaiming the MA99) invalidates the short setup and signals a shift toward mid-term bullish continuation.
đ Trade: $BTC
#BTC #TechnicalAnalysis #BinanceSquare #ShortSetup #TradingSignal
