$BTC Technical analysis BTC/USDT (4H) – Strong downtrend, oversold signals

Bitcoin (BTC) is currently trading at 83,900 USDT, down 3.42% in the last 24 hours. The main trend on the 4H chart remains a strong downtrend with overwhelming selling pressure.

Analysis from technical indicators:

• EMA (7, 21, 99): The price is below all three EMA lines, confirming that the downtrend still prevails.

• MACD: Continues to widen the gap in the downward direction, with no signs of reversal yet.

• RSI: Currently in the oversold zone (below 30), a recovery move may occur if buying pressure increases.

• Trading volume: Signs of strong increase as prices fall, reflecting significant selling pressure but may also indicate demand for bottom fishing.

Suggested trading strategy:

📌 Conditions to buy:

• RSI rises above 30-35, confirming a signal to exit the oversold zone.

• A green candle appears with high volume.

• MACD narrows the gap, showing signs of crossing upwards.

📌 Actions:

• Entry point: If the price holds steady in the range of 83,500 - 84,000 USDT and shows reversal signals.

• Target: 85,500 - 86,500 USDT (near resistance level).

• Stop-loss: Below 83,000 USDT if the price continues to drop further.

Conclusion:

BTC/USDT is in a strong downtrend but has entered the oversold zone. Investors need to monitor additional confirmation signals before entering a trade. If buying pressure is not strong enough, BTC may continue to drop to deeper support zones.