$BTC
🚀 Bitcoin's Next Move: Will BTC Rebound or Crash? ⚡️
📝 Brief Intro
Bitcoin is struggling around $83,250, facing resistance at $84,756 while bouncing from $82,244. Is this a fakeout or a true reversal? Let’s break it down!
🕰️ Timeframe:
5-Minute Chart (Scalping Setup)
📊 Market Overview & Detailed Analysis
Trend: Short-term bearish, but showing signs of a possible recovery.
Key Levels:
Resistance: $84,756, $85,091
Support: $82,244, $82,739
Indicators:
RSI: Near 60 – approaching overbought zone, could face rejection.
MACD: Weak momentum, potential bullish crossover forming.
Volume: Decreasing – lack of strong buying pressure.
⚡ Entry & Targets 🎯
📈 Long Entry: Above $83,500
🎯 TP1: $84,328
🎯 TP2: $84,756
🛑 SL: $83,000
Leverage: 5-10x
📉 Short Entry: Below $83,000
🎯 TP1: $82,500
🎯 TP2: $82,244
🛑 SL: $83,400
Leverage: 5-10x
🔥 Pro Tip:
Wait for a breakout confirmation with strong volume before entering a trade. Fakeouts are common in this range!
📌 Conclusion
BTC is at a crucial level! A breakout above $83,500 could push it higher, while a rejection may trigger another dump. Watch RSI & MACD closely before jumping in!
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