🔸 BTC/USDT – RSI Rebound | Master Trade Analysis 🔸
Overview:
$BTC is down -2.44%, currently trading at $80,606.76, with a 24h high of $84,336.33 and a low of $79,939.90. On the 30M timeframe, BTC saw a sharp decline but is now showing signs of a potential short-term rebound as RSI recovers from 12.53 to 34.10.
Technical Analysis:
🔹 Bollinger Bands: Price is near the lower band ($79,918.52), suggesting a possible reversal.
🔹 RSI (6): Jumped from 12.53 to 34.10, indicating a potential bounce from oversold conditions.
🔹 MACD: DIF: -711.77, DEA: -501.23, MACD: -210.54, still bearish but may weaken.
🔹 Volume: 659.35 BTC, showing increased market activity.
🔹 MA (5 & 10): 5-MA ($1,067) below 10-MA ($1,055), confirming a short-term downtrend but possible reversal.
🔹 OBV: -56,339.23, indicating ongoing distribution pressure.
🔹 Stochastic (K/D/J): K: 12.95, D: 11.53, J: 15.78, still in deep oversold territory.
Trade Strategy:
🔹 Support Zone: $79,500 - $79,900, key demand area.
🔹 Resistance Levels: $81,500, then $82,600.
🔹 Stop-Loss Placement: Below $79,400, to manage downside risk.
🔥 Master Trade Setup 🔥
✅ Scalping: Buy $80,000, target $81,500 - $82,000, SL $79,500.
✅ Swing Trade: Buy $79,500, target $83,000 - $84,500, SL $79,000.
⚠️ Breakout Watch: A move below $79,400 could push BTC toward $78,000.
🛡️ Risk Management:
🔹 Capital Allocation: Risk 2-5% per trade to maintain balance.
🔹 Stop-Loss Discipline: Stick to predefined SL to avoid large losses.
🔹 Risk-to-Reward Ratio: Aim for 1:2 R:R for proper trade setups.
🔹 Emotional Control: Don’t FOMO—wait for confirmations.
🔹 Market Conditions: Adjust position sizes based on volatility.
💬 Is $BTC bottoming out here, or will the downtrend continue? Drop your thoughts!
📢 Follow @EmonSharkar for top crypto trade Strategy, market insights, and technical analysis!
⚠️ Always DYOR before trading! Crypto markets are volatile,manage risk wisely.
🔹 Data source: Binance
