BTC at $79,396. The calm before the storm? ⚡
Bitcoin is consolidating with -0.55% daily change, but do not let the quiet price action fool you — $844.7M in volume with declining momentum tells a story of distribution. 4H RSI at 48.1 is dead neutral, and the market is waiting for a catalyst.
📊 Why This Trade?
Price is sitting between SMA7 4H ($79,671) as resistance and SMA7 daily ($79,326) as support. A breakdown below $79,156 could trigger a cascade to $76,700. The risk/reward on a short here is 2.7x — one of the best setups in weeks.
🔑 Trade Plan (CAUTIOUS SHORT):
• Entry: $79,156 – $79,636
• SL: $80,357 (above 4H resistance)
• TP1: $76,782 | TP2: $74,407 | TP3: $71,241
Low confidence setup — reduce size and let the trade come to you.
Is BTC heading to $85K or $75K this week? 🧭
#BTC #Bitcoin #DYOR
⚠️ Disclaimer: This is not financial advice. Do your own research. Trading involves significant risk.
Bitcoin is consolidating with -0.55% daily change, but do not let the quiet price action fool you — $844.7M in volume with declining momentum tells a story of distribution. 4H RSI at 48.1 is dead neutral, and the market is waiting for a catalyst.
📊 Why This Trade?
Price is sitting between SMA7 4H ($79,671) as resistance and SMA7 daily ($79,326) as support. A breakdown below $79,156 could trigger a cascade to $76,700. The risk/reward on a short here is 2.7x — one of the best setups in weeks.
🔑 Trade Plan (CAUTIOUS SHORT):
• Entry: $79,156 – $79,636
• SL: $80,357 (above 4H resistance)
• TP1: $76,782 | TP2: $74,407 | TP3: $71,241
Low confidence setup — reduce size and let the trade come to you.
Is BTC heading to $85K or $75K this week? 🧭
#BTC #Bitcoin #DYOR
⚠️ Disclaimer: This is not financial advice. Do your own research. Trading involves significant risk.