I opened long at 79518 ,Still showing no bullish momentum . Should we close the position or wait??
Black hate
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Bullish
$BTC /USDT -Buyer Increasing with high volume 💪 . $BTC dropping from around $86,500 to $77,459.91, before rebounding slightly. The Williams %R (14) indicator is at -67.76, indicating that Bitcoin was in an oversold zone but is now recovering. The moving average of volume (MA5 and MA10) suggests a possible shift in momentum. The volume bars at the bottom indicate a recent surge in selling, followed by increasing buying pressure.
📊 #BTC Analysis
📌 Market Overview:
🔹 Current Price: $79,607.99
🔹 24H High: $84,123.46
🔹 24H Low: $77,459.91
🔹 24H Change: 📉 -4.13%
🔹 Volume: 📈 50,904 BTC
📉 Technical Analysis (1H Chart)
✅ Support Level: $77,459.91
🚀 Resistance Levels: $80,985.55, $82,974.36
📊 Williams %R (14): -67.76 (Oversold but not extreme) 📈 Volume MA(5): 3,028.67
📉 Volume MA(10): 2,936.02
🎯 Trade Setup (Short-Term Intraday Play for bullish move)
🟢 Entry: $79,500 - $79,700 (Price is recovering from the dip) 🔴 Stop-Loss: $77,200 (Below key support)
🎯 Take Profit 1: $80,985 (First resistance)
🎯 Take Profit 2: $82,974 (Second resistance)
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