🔍 BTCUSDT (5-Min Chart) Breakdown & 2-Hour Trade Idea
Here’s a quick technical snapshot of the 5-minute Heikin Ashi chart for BTCUSDT:
✅ Key Highlights:
Current Price: ₹10,012,454 / 114,167.1 USDT
Price Action:
• Sharp rebound after dipping below 113,900.
• A series of green candles forming higher lows — a sign of growing bullish momentum.
MACD Indicator:
• MACD line is turning upward and nearing a bullish crossover with the signal line.
• Negative histogram bars are fading, signaling weakening bearish pressure.
Order Book Sentiment:
• 71.70% Long vs 28.30% Short — a strong lean towards bullish positions.
Volume Insight:
• Big red candle followed by a high-volume recovery — points to demand at lower levels.
24h Range Context:
• BTC is trading near the upper half of its 24h range (112,582 – 114,530), reflecting bullish positioning.
📈 Trade Idea (Next 2 Hours):
• Action: BUY / Go LONG
• Target Zone: 114,400 – 114,600
• Stop Loss: Below 113,850
• Time Frame: Hold for 1–2 hours
⚠️ Note on Risk:
This is a short-term scalp setup based on intraday signals. Watch 114,300 closely — if BTC faces strong rejection there, consider exiting early.
Want to see a 1-hour chart or key support/resistance levels for a broader outlook?
