BTC hovering at $79,793 ā the calm before the storm? š©ļø
š The Setup:
Bitcoin is consolidating near the $80K level with a strong uptrend intact. Daily RSI at 79.7 ā approaching overbought but not there yet. 4H RSI at 60.3 gives a much healthier picture. MACD is bullish on both timeframes with expanding histograms.
šÆ Why This Matters:
Price is above all key moving averages (SMA7 > SMA25 > SMA99) on the daily. The trend structure is as clean as it gets. Volume is declining (0.66x ratio) ā classic consolidation behavior before the next big move. The question isn't IF, it's WHICH DIRECTION.
š Trade Plan:
Entry: $79,328 - $80,258
Stop Loss: $81,002
TP1: $82,985
TP2: $86,176
TP3: $89,368
š” R:R of 2.6:1 ā the best ratio in today's picks. Patience pays.
Where's BTC heading next ā $90K or $75K? Drop your target š
#BTC #Bitcoin #DYOR
ā ļø Disclaimer: This is not financial advice. Always DYOR and manage your risk.
š The Setup:
Bitcoin is consolidating near the $80K level with a strong uptrend intact. Daily RSI at 79.7 ā approaching overbought but not there yet. 4H RSI at 60.3 gives a much healthier picture. MACD is bullish on both timeframes with expanding histograms.
šÆ Why This Matters:
Price is above all key moving averages (SMA7 > SMA25 > SMA99) on the daily. The trend structure is as clean as it gets. Volume is declining (0.66x ratio) ā classic consolidation behavior before the next big move. The question isn't IF, it's WHICH DIRECTION.
š Trade Plan:
Entry: $79,328 - $80,258
Stop Loss: $81,002
TP1: $82,985
TP2: $86,176
TP3: $89,368
š” R:R of 2.6:1 ā the best ratio in today's picks. Patience pays.
Where's BTC heading next ā $90K or $75K? Drop your target š
#BTC #Bitcoin #DYOR
ā ļø Disclaimer: This is not financial advice. Always DYOR and manage your risk.