$BTC BTC Recovery Attempt or Bearish Trap? Key Levels to Watch!

Bitcoin (BTCUSDT) is showing signs of a short-term rebound after hitting a local support around $102,773. On the 5-minute chart, price is climbing above the EMA-7 and attempting to break the EMA-25 and EMA-50, with MACD showing early bullish crossover and RSI pushing above 60 — indicating growing momentum.

However, on the 15-minute and 1-hour charts, BTC is still trading below all key EMAs, and the RSI remains under 50 on the 1-hour timeframe, suggesting that the larger trend remains bearish. Stochastic RSI is trying to recover, but hasn’t confirmed strength yet.

Bullish Confirmation:

Break and close above EMA-200 (~$103,650) on all timeframes.

Sustained move above $103,800–$104,000.

Bearish Risk:

Rejection at EMA-200 or $103,700 zone.

Breakdown below $103,000 and $102,773 could signal a deeper drop.

Strategy Idea:

Scalp Long: Entry at $103,300–$103,400, TP $103,800–$104,000, SL below $103,000.

Short Opportunity: If price rejects near $103,700, consider shorting with SL $104,000 and TP $102,800.

Caution: This may be a short-lived bounce unless BTC flips the 1-hour trend bullish. Stay sharp and manage risk!