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🔍 1. Key Indicators & Current Setup:
📉 Price: $118,229.08 (-0.44% in 24h) – hovering around EMA(7)
📈 Moving Averages:
EMA(7): $118,233.57 ➜ (price ≈ EMA7)
EMA(25): $116,230.82 ➜ (price > EMA25 by 1.7%, bullish mid-term)
EMA(99): $107,455.10 ➜ (price > EMA99 by 10%, strong long-term uptrend)
💹 RSI(6): 52.21 ➜ neutral
📉 Stochastic RSI: 2.30 ➜ ⚠️ extreme oversold — strong reversal signal
📊 Volume:
24h: 14,174 BTC ($1.67B)
Current: 1,214 BTC ➜ 🔻 87% below 5-day avg (9,326 BTC)
Support & Resistance:
🛡 Support: $116,950 → $114,331 → $109,435
🧱 Resistance: $118,233 (EMA7) → $119,273 → $123,218
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📈 2. Trend Analysis
✅ Bullish Signs:
✅ Price holds above EMA(25) – mid-term bullish structure
✅ Stochastic RSI = 2.30 ➜ extremely oversold, bounce likely
✅ Price consolidation at EMA(7) ➜ potential breakout brewing
⚠️ Bearish Warnings:
🔻 Volume Collapse – current volume is 87% below avg
🚫 Failed reclaim of EMA(7) despite oversold RSI
⚖️ -0.44% loss in tight range = indecision in market
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📈 3. Price Prediction
🕒 Short-Term (1–3 Days):
🔼 Bounce Scenario: Target ➜ $118,233 → $119,273
🔽 Rejection Scenario: Drop to ➜ $116,950 → $114,331
📆 Medium-Term (1 Week):
✅ Above $116,230 ➜ Rally to $123,218
❌ Below $116,950 ➜ Drop to $114,331 → $109,435
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📌 Trade Plan
🛡️ Conservative Strategy – Buy Oversold Dip
Entry: $117,000–$117,500
Stop Loss: $116,800
Targets:
🎯 $118,233 (EMA7)
🎯 $119,273
🎯 $123,218 (scale out 50% at $119K)
Risk/Reward: 1:4 (Risk $300 to gain $1,200)
💰 Max risk per trade: 1%
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⚔️ Aggressive Strategy – Pivot Break Play
📈 Bullish Entry:
✅ Buy if price closes above $118,233.57
✅ Volume must be > 8,000 BTC
🎯 Target: $119,273 → $123,218
❌ SL: $117,800
📉 Bearish Entry:
🚨 Short if price breaks below $116,950
🎯 Target: $114,331 → $109,435
❌ SL: $117,300
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⚠️ Key Notes to Watch
🔥 Stochastic RSI = 2.30 → Rare oversold bounce signal
🚨 Volume confirmation is critical: Watch for > MA(5) (9,326 BTC)
📍 EMA(7) = $118,233.57 ➜ Battle zone for bulls & bears
📊 Macro Catalysts: Fed rate decisions, ETF flows, US inflation data
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✅ Summary:
📉 BTC is dangerously oversold (Stoch RSI 2.30) – massive bounce potential ahead!
🛒 Best Buy Zone: $117,000–$117,500, SL: $116,800
🎯 Targets: $118,233 → $119,273 → $123,218
⚠️ Wait for volume > 8K BTC before breakout trades.
📉 Only short below $116,950 for targets down to $109,435.
📌 Extreme volume collapse = caution! But oversold conditions = opportunity.
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📢 Stay sharp, manage risk, and wait for confirmation!
📉 Not financial advice – trade smart, not emotional.
Trade from here 👉 $BTC