🚨$BTC /USDC Breakdown – Bearish Momentum or Bounce Incoming? 🚀🔥‼️
Bitcoin is showing signs of exhaustion after a sharp drop from the $124.5K zone. Price is hugging the lower Bollinger Band, suggesting oversold conditions—but don’t mistake that for a guaranteed bounce. Let’s break it down 👇
📉 Current Price: $113.7K
📊 Indicators:
- Bollinger Bands: Price riding the lower band
- MACD: Bearish crossover confirmed
- Volume: Spike on sell-off, fading now
| 🎯 Target | Description |
|----------|-------------|
| 🎯T1: $116.5K | Minor resistance at mid-Bollinger band—watch for rejection here |
|🎯 T2: $118.8K | Key resistance zone from previous consolidation |
| 🎯T3: $124.5K | Major breakout level—bulls need volume to reclaim this |
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⚠️ Risk Management Tips:
- Use tight stop-loss below $112.3K (recent low)
- Avoid chasing green candles—wait for confirmation
- Consider scaling in with small size if bullish divergence appears
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💬 Is BTC gearing up for a relief rally or prepping for another leg down? Drop your thoughts below and trade smart! 💥
Binance #BTC #CryptoTrading #TechnicalAnalysis #RiskManagement #SmallAccountStrategy
