$BTC TECHNICAL OVERVIEW

#Technical Summary:**

* **Price**: \$96,266.53

* **Trend**: Downtrend with lower highs and lower lows

* **RSI(6)**: 46.28 – neutral zone, slight bearish bias

* **MA(5)**: 70.78 (Volume Moving Average)

* **MA(10)**: 108.50 (Volume Moving Average)

* **Volume**: Low, with previous spikes during drops – indicating sell pressure

* **Support**: \$96,132.67 (recent low), \$96,044.51

* **Resistance**: \$96,432.38 and \$97,895.68

The market is currently consolidating just above a key support level after a sharp drop from a 24h high of \$97,895.68. There is potential for either a rebound or a continuation of the downtrend depending on volume and momentum.

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### 📈 **Trade Setup (Scalp/Intraday – Long Position)**

#### ✅ **Entry Point:**

* **Aggressive Entry**: \$96,250 (current price, within support zone)

* **Conservative Entry**: Wait for a breakout above \$96,432 with strong volume confirmation

#### ⛔ **Stop-Loss Placement:**

* Below the recent low: **\$96,000**

* Reason: Below the 24h low and psychological round number

#### 🎯 **Take-Profit Targets:**

* **TP1 (Short rebound)**: \$96,800 – minor resistance zone

* **TP2 (Stronger bounce)**: \$97,200 – near MA resistance and previous price cluster

* **TP3 (Extended)**: \$97,800 – near the 24h high; use trailing stop if price accelerates

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### ⚠️ **Bearish Alternative (Short Position)**

If price breaks **below \$96,000** with volume:

* **Entry**: \$95,950

* **Stop-loss**: \$96,300

* **TP1**: \$95,400

* **TP2**: \$94,800

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### 🧠 **Additional Notes:**

* RSI near 46 indicates neither overbought nor oversold, so monitor momentum closely.

* This chart is only for the 15m timeframe — not suitable for longer-term trades.

* Avoid entering trades during low volume periods unless there's a breakout or reversal signal.

* Consider using confirmation indicators like MACD, Bollinger Bands, or candlestick patterns for entry refinement.