Hello everyone, I am an F0 who hasn't burned my account
but also not doing too well here 🫠
BTC today played the 'fake death to catch fish' game, dropping all the way to $106.6K to scare everyone, then popping up as if nothing happened 🤡
📉 1H frame:
• BTC bounced from the bottom like a carp jumping over the dragon gate, but got stuck right at the EMA25 line.
• RSI just rose to 54, not too strong yet, like getting up after a face plant.
• Volume is coming in, meaning there are still players, not leaving the market 😅
⏳ 4H frame:
• The long candle wick shows that the whales are a bit hesitant in this area.
• But if it doesn't break $108.7, it will still be sideways in anxiety, not trending.
📈 Daily frame (1D):
• BTC tested the $101K area and then surged sharply, as if someone deposited money and went all-in.
• EMA7 is starting to cross above EMA25 => the signal of 'returning to shore' has flashed 🌞
• RSI above 62 → There is buying power, but not too strong yet.
🧙♂️ Weekly frame (1W):
• BTC still maintains a beautiful upward trend: EMA7 > EMA25 > EMA99
• Strong resistance at $111.9K → if not broken, it will still be stuck at the threshold of heaven 😇
💡 Reference position for everyone (consider for yourself):
• LONG position:
• Entry: $107,200
• TP1: $108,700
• TP2: $111,900
• SL: $106,400 (breaking this area means disaster like a wet rice cracker)
• SHORT position if it goes up for a fakeout:
• Entry: $111,000
• TP: $108,000
• SL: $112,200
📌 Suggestion: If you are unclear about the trend, staying out is also a strategy. No one loses when they don't place a trade 😎
In summary: BTC is undergoing a technical recovery, mid-term trend is positive, long-term still holds hope. Opportunities for both sides, but need patience – don't fomo or you might end up staring at the chart late at night 💀
🧠 This is not investment advice, just a few lines to share for everyone to consider!