$BTC 🚨 Bitcoin Testing Key Support at $83,200!
BTC remains in a downtrend, having reached a recent high of $85,058 before pulling back. The $83,200 support level is now being tested, with the latest price action showing bearish momentum and lower highs.
🔍 Entry Criteria:
▫️ Buy on a confirmed bounce off $83,200 with increased volume.
▫️ RSI below 30 (oversold conditions) may indicate a potential reversal.
🎯 Exit Criteria:
▫️ Sell near $85,000 or at resistance levels around recent highs.
▫️ Use a 2-3% trailing stop-loss to protect profits.
📢 Trading Decision: Monitor price action closely at $83,200 for a potential entry, ensuring clear stop-loss measures to manage risk.
📊 Key Metrics:
💲 Price: $83,402
⚖ H/L: $86,537 | $83,120
🟨 1H Change: 0.00%
🟥 24H Change: -3.58%
🟥 7D Change: -1.97%
🟥 30D Change: -16.27%
⛰ ATH: $108,786 (-23.31%)
📊 24H Volume: $17.21B
💰 Market Cap: $1.65T
💭 $BTC Breakout or breakdown? Drop your thoughts below! 👇