Current Price: $96,094
24H Change: -2.77%
24H Low: $94,012
RSI(6): 28 (Oversold)
Stoch RSI: Deep oversold
EMA Trend: Bearish (Price below EMA 7/25/99)
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๐ Key Observations
๐ Trend
BTC is in a strong downtrend, trading below EMA 7, EMA 25 and EMA 99, showing clear weakness.
Recent candles show aggressive selling pressure but todayโs candle shows buying wick, meaning buyers are trying to defend $94,000.
๐ก RSI & Stoch RSI
RSI 28 = Oversold, bounce chances increase.
Stoch RSI oversold = BTC is near reversal zone.
๐ Volume
Increasing selling volume recently โ panic sell.
Latest candle has buyer support, small attempt for recovery.
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๐ BTC Price Prediction (Short-Term)
Bullish Scenario (If $94,000 Holds) ๐ข๐
Bounce Target 1: $97,800
Target 2: $102,700
Target 3: $107,600
Rebound likely because BTC is oversold on multiple indicators.
Bearish Scenario (If $94,000 Breaks) ๐ป๐ฌ
Support 1: $92,900
Support 2: $90,500
Worst case wick: $88,000
If BTC closes below $94k, more selling may follow.
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๐ง Trade Plan (Copy-Paste) ๐
๐ต Long (Buy) Setup โ Oversold Rebound Play
Entry Zone: $94,500 โ $96,000
Targets:
๐ฏ T1: $97,800
๐ฏ T2: $102,700
๐ฏ T3: $107,600
Stop-Loss: $93,500
Risk Level: MediumโHigh due to downtrend.
Why?
RSI oversold + bullish wick = possible relief bounce.
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๐ด Short (Sell) Setup โ If Support Breaks
Trigger: Break & close below $94,000
Entry: $93,800 โ $94,000
Targets:
๐ฏ $92,900
๐ฏ $90,500
๐ฏ $88,000
Stop-Loss: $95,500
Risk Level: Medium
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๐ Conclusion
BTC is heavily oversold and sitting on a major support.
๐ Bounce is possible, but trend is still bearish.
Trade levels, not emotions. Stick to SL. ๐
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