belidimerah

$BTC
$83.746 RSI 4H 19.13 OVERSOLD! Final flush before bouncing to $85.459?
$BTC UPDATE $83.754 (-2,70%)
DON'T PANIC SELL!
Look at the data:
BOLL 4H UP $86.889 MB $85.459 DN $84.028 - Price at $83.746 is already BELOW DN = Oversold
RSI 4H 19,13 EXTREME OVERSOLD; last time at $74.967, it pumped straight to $87.395
BOLL 1H UP $87.412 MB $84.224 DN $81.036 - Strong support at $81K

24h High $86.698 Low $83.577 Vol 18.6K BTC ($1,59B), large = Capitulation

As long as the $83.577 24h Low holds, this is a Bear Trap.

#BTC #Bitcoin #Oversold #BeliDiMerah

BUY / SELL SETUPS:

1. BUY SETUP - BUY THE OVERSOLD DIP (Main Recommendation):
This is The Observer's setup - buy when others are afraid.

- Entry 1, scale in:* $83.577 - $83.800 (24h Low) Now
- Entry 2 if it drops again: $81.036 - $81.500 (1H DN) - Set a net
- TP 1: $84.028 (4H DN, which was broken and has become the first resistance)
- TP 2: $84.224 (1H MB)
- *lTP 3: $85.459 (4H MB) = Main bounce target +5%
- TP 4: $86.889 (4H UP)
- MANDATORY SL: $80.500 below 1H DN. If it breaks, exit for now.
Risk: Spot only 30-40%, don't go all in. Wait for a 4H candle to close above $84.028 before adding.

2. SELL / SHORT SETUP - DON'T FORCE IT:
If you already hold coins from above $86.698:
- Don't cut your losses at RSI 19. Hold.
- If you want to hedge with a futures scalp short: Short only if the retest of $84.224 fails
- Short Entry: $84.200
- Short TP: $83.577 and $81.036
- Short SL: $84.800
Would you rather buy the dip at $83.7 or wait for confirmation of a close above $84.028 first? DYOR