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macdsignal
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$BTC MACD BUY SIGNAL AT 36 RSI — SUPPORT ZONE IN PLAY 🔥
Price is hovering near the $62,300-$62,400 support zone after a sharp 6.58% drop on June 4. The 14-period RSI sits at 36, approaching oversold but not confirming a reversal. Meanwhile, the MACD at -2,010 has just flipped to a buy signal — a clear divergence against the bearish moving average structure.
This kind of setup often precedes a snap reaction, but resistance from the 200-day EMA near 77,533 remains a heavy overhead. A breakdown below $62,000 could trigger a liquidity sweep; a hold may attract shorts to cover.
What’s your bias — support bounce or breakdown to new lows?
Not financial advice. Always manage your risk.
#BTC #BearishBias #MACDSignal #SupportTest #CryptoAnalysis
🔥
Price is hovering near the $62,300-$62,400 support zone after a sharp 6.58% drop on June 4. The 14-period RSI sits at 36, approaching oversold but not confirming a reversal. Meanwhile, the MACD at -2,010 has just flipped to a buy signal — a clear divergence against the bearish moving average structure.
This kind of setup often precedes a snap reaction, but resistance from the 200-day EMA near 77,533 remains a heavy overhead. A breakdown below $62,000 could trigger a liquidity sweep; a hold may attract shorts to cover.
What’s your bias — support bounce or breakdown to new lows?
Not financial advice. Always manage your risk.
#BTC #BearishBias #MACDSignal #SupportTest #CryptoAnalysis
🔥
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