🔥 LET'S CONTINUE ANALYSIS OF BTCUSDT TODAY
📉 Current Condition of BTCUSDT
📌 H4: 4 Hour Timeframe
- Current price at 109,600-109,700
- RSI (14) = 32 → nearing oversold area
- Candle still below middle BB → trend still under bearish pressure
- Strong support seen at 109,000-109,200
📌 H1: 1 Hour Timeframe
- Price consolidating in the support area of 109,500-110,000
- RSI (14) = 37 → still weak, but there is potential for a small bounce
- Lower BB open → could continue to drop if support breaks.
---------------------------------------
📋 BTCUSDT Trading Plan
📈 Long Setup (Countertrend / Bounce)
📍 Entry: 109,000-109,300 (strong support area)
🎯 TP 1: 110,200
🎯 TP 2: 111,000
⛔ SL: 108,500
📉 Short Setup (Follow Bearish Trend)
📍 Entry: 110,500-111,000
🎯 TP 1: 109,500
🎯 TP 2: 107,500
⛔ SL: 111,600
---------------------------------------
⚡ Notes:
If H4 closes below 109,000, it is likely to continue to 106,000 – 107,000
If there is a strong bounce at 109,000, it can be used for short-term long scalping.
⚠️ It is recommended to trade following the trend (Short)
---------------------------------------
$BTC #CryptoRally #MarketPullback #BTCWhalesMoveToETH #FedDovishNow