$BTC #BTC

BTC/USDT (15M) Technical Analysis

1️⃣ Price Action & Market Structure

📌 Bitcoin is trading at $82,862, up +5.44% in the last session.

📌 The price has formed a steady uptrend but is currently consolidating after a strong bullish move.

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2️⃣ RSI 14 Close (Divergence Indicator)

📌 RSI is currently at 53.91, indicating a neutral-to-bullish momentum.

📌 Bearish divergences were observed earlier, suggesting that momentum might be weakening despite higher price levels.

💡 If RSI drops below 50, we could see increased selling pressure. If it stays above 50-55, bulls remain in control.

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3️⃣ SMI 10 3 3 (Stochastic Momentum Index)

📌 SMI is currently -2.29 and -16.35, suggesting a slight downward momentum but still within a neutral range.

📌 If SMI curves back up, it could signal a bullish continuation.

💡 A crossover to the upside would confirm a potential long entry.

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📊 Conclusion & Trade Scenarios

✅ Bullish Scenario:

✔️ If BTC holds above $82,500 and RSI remains above 50, the next targets could be $83,500 – $84,000.

✔️ Confirmation would come if SMI crosses back up.

❌ Bearish Scenario:

❌ If BTC drops below $82,500 and RSI dips under 50, a correction to $81,500 – $82,000 is possible.

❌ Watch for a confirmed SMI downtrend.

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🎯 Trading Strategy

🔹 Long Entry: If price holds above $82,500 with RSI above 50, targeting $83,500 – $84,000.

🔹 Short Entry: If price breaks below $82,500 with RSI losing 50, targeting $81,500 – $82,000.

⚠️ Risk Management: Stop-loss at $82,400.

🚀 Stay sharp & trade smart!