Here's a simplified version:
Bitcoin at a Crossroads
Will it Rally or Crash?
Bitcoin's price is struggling to hold $82K-$83K after plunging from $96K-$90K.
Key Questions:
- Is this a healthy cooldown before a breakout?
- Or are we heading for a crash to $60K?
Market Insights:
- RSI suggests BTC is nearing oversold conditions
- Volume remains moderate, indicating uncertainty
- Trend remains bearish, but watch for potential recovery
Trade Setup:
- Long Entry: Above $83,452.30, targeting $84,000 and $84,750
- Short Entry: Below $82,244.68, expecting further decline to $81,800
Next Move will be Historic!
Manage risk, watch key levels closely, and get ready!
