๐ป BTC sliding to $77,636 โ but the daily RSI at 68.8 says this pullback is just a breather, not a breakdown.
Here's what I see:
Price is caught between the 4H SMA7 ($78,147) and SMA25 ($78,561) โ both acting as overhead resistance. Volume is fading (0.54x average), which tells me sellers aren't aggressive. This feels like a controlled dip within a larger uptrend.
The 4H MACD histogram is negative at -20.4, but the daily MACD remains firmly bullish (+740 hist). Classic "pullback in a bull" setup.
๐ SHORT-TERM TRADE PLAN (scalp the dip):
โข Entry: $77,362 โ $77,911
โข Stop Loss: $78,736 (above 4H resistance cluster)
โข TP1: $75,041 | TP2: $72,720 | TP3: $69,626
โข R:R = 2.4x
Why short here? The 4H structure is bearish with declining volume โ price could test the $75K zone before buyers step in. But this is a counter-trend scalp, not a swing. Keep it tight.
โก Would you short this dip or wait to buy lower? Drop your level below ๐
#BTC #Crypto #DYOR
โ ๏ธ This is not financial advice. Always do your own research and manage risk carefully.
Here's what I see:
Price is caught between the 4H SMA7 ($78,147) and SMA25 ($78,561) โ both acting as overhead resistance. Volume is fading (0.54x average), which tells me sellers aren't aggressive. This feels like a controlled dip within a larger uptrend.
The 4H MACD histogram is negative at -20.4, but the daily MACD remains firmly bullish (+740 hist). Classic "pullback in a bull" setup.
๐ SHORT-TERM TRADE PLAN (scalp the dip):
โข Entry: $77,362 โ $77,911
โข Stop Loss: $78,736 (above 4H resistance cluster)
โข TP1: $75,041 | TP2: $72,720 | TP3: $69,626
โข R:R = 2.4x
Why short here? The 4H structure is bearish with declining volume โ price could test the $75K zone before buyers step in. But this is a counter-trend scalp, not a swing. Keep it tight.
โก Would you short this dip or wait to buy lower? Drop your level below ๐
#BTC #Crypto #DYOR
โ ๏ธ This is not financial advice. Always do your own research and manage risk carefully.