📉 BTC — DOWNTREND CONTINUATION & MOVING AVERAGE BREAKDOWN! 🔻
$BTC (Bitcoin) is trading lower at 82,639.3 (-0.52%, or roughly Rs22,888,606.92), moving within a 24-hour range between a high of 83,653.6 and a low of 81,715.0. Price action on this 4-hour chart displays an ongoing downside extension away from recent highs, currently trading beneath the fast MA(7) (82,980.2), MA(25) (84,754.3), and structural MA(99) (84,484.5) cluster.
📊 QUICK TRADE PLAN — 4H
🔴 SHORT ENTRY: 83,500.0–84,500.0 (on relief bounces or retests toward the moving average resistance zone)
🛑 STOP LOSS: 85,300.0
🎯 TP1: 80,800.0
🎯 TP2: 79,200.0
Are you positioning for further downside on Bitcoin as it tests these lower ranges, or looking for signs of a reversal base? Let's discuss below! 👇
👉 Trade: $BTC
#BTC #bitcoin #cryptotrading #BinanceSquare #bearish
$BTC (Bitcoin) is trading lower at 82,639.3 (-0.52%, or roughly Rs22,888,606.92), moving within a 24-hour range between a high of 83,653.6 and a low of 81,715.0. Price action on this 4-hour chart displays an ongoing downside extension away from recent highs, currently trading beneath the fast MA(7) (82,980.2), MA(25) (84,754.3), and structural MA(99) (84,484.5) cluster.
📊 QUICK TRADE PLAN — 4H
🔴 SHORT ENTRY: 83,500.0–84,500.0 (on relief bounces or retests toward the moving average resistance zone)
🛑 STOP LOSS: 85,300.0
🎯 TP1: 80,800.0
🎯 TP2: 79,200.0
Are you positioning for further downside on Bitcoin as it tests these lower ranges, or looking for signs of a reversal base? Let's discuss below! 👇
👉 Trade: $BTC
#BTC #bitcoin #cryptotrading #BinanceSquare #bearish