$BTC

(1H Timeframe) – Technical Summary

1. Trend Analysis & Chart Structure

Bearish Trend: Price is below EMA 50 (86716.17) and EMA 200 (85851.76).

Bollinger Bands: Price is near the lower band (84894.29), indicating oversold conditions.

A break above EMA 50 (86716.17) could signal a bullish reversal.

2. Support & Resistance Levels

Support Levels: 85000, 83942 (recent low).

Resistance Levels: 86716 (EMA 50), 88183 (Upper Bollinger Band), 88752 (recent high).

Break below 85000 = more downside; break above 86700 = bullish reversal.

3. Candlestick & Volume Analysis

Selling pressure is strong with increasing red volume bars.

If a strong green candle forms with high volume, a bounce is likely.

4. Oscillator Analysis

RSI (25.93) and Stochastic RSI (0.13) indicate oversold conditions.

MACD is bearish, but if the histogram turns positive, momentum may shift bullish.

Trading Strategy

🔵 Long Trade (If bullish reversal occurs)

✅ Entry: Above 85500 after RSI/MACD confirmation.

📌 Stop Loss: Below 84900.

🎯 Targets: 86700, 88183.

🔴 Short Trade (If breakdown occurs)

✅ Entry: Below 84900.

📌 Stop Loss: Above 85500.

🎯 Targets: 83942, 82500.

⚠ Risk Management: Long R/R ~1:2, Short R/R ~1:3.

📊 Summary: BTC is bearish but oversold, with a possible bounce or further drop depending on support/resistance reactions.


⚠ Disclaimer: This is not financial advice. Always use proper risk management and validate signals before trading.

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