$BTC ⚡⚔️ King Bitcoin Facing Pressure? Time to Panic or Plan?
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🧠 Market Snapshot:
Bitcoin (BTC/USDT) is trading at $92,251.98, down -1.92%, with a local low of $91,935.41. After a recent high of $94,696, BTC is sliding, but not crashing yet!
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📊 1H Technicals
MA(7): 92,563
MA(25): 93,292
MA(99): 89,433
MACD: Bearish momentum building up
RSI(6): Just 23.15 – deeply oversold!
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🐂 Bullish Scenario
Support Zone: $91,000 – $91,300
RSI Oversold Bounce Incoming? If price holds above $91K and volume increases, a rebound back toward $93,000+ is likely.
Look for MACD to flatten out – a curve up could spark renewed momentum.
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🐻 Bearish Scenario
Falling below $91,000 opens doors to test $89,500 – $87,000 next.
MACD histogram still strong red – signals momentum is still downward.
MA(25) rejection suggests resistance is creeping lower.
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✅ Spot Trader Strategy
Entry Zone: $91,000 – $91,300
TP: $93,000 / $94,000
SL: $89,000
Only for high-conviction buyers; use DCA to manage entry risk.
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💣 Futures Strategy
Short Bias: On breakdown of $91,000
TP: $89,500 / $88,000
SL: Tight above $92,300
Be cautious: RSI bounce might trap late shorts!
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⚡ Final Verdict
Bias: Short-term Bearish
But… RSI Alert! Bounce may be near
Structure: Weakening but not broken
Play Type: Oversold Reversal or Breakdown Chase
