$BTC Analysis: Testing the Bottom or Setting the Trap? 🤔🔐🔑👇
Current Price: $83,695
Timeframes Analyzed: 1D & 1H
1D Chart Breakdown:📊
$BTC is still trading below all major moving averages (20/50/100), showing mid-term weakness.
Price bounced near $82,000 support and is trying to reclaim the 20 EMA at $83,695.
Stochastic RSI is curving back upward (Blue: 42.68 | Orange: 31.87) from oversold, suggesting a short-term bounce setup.
Resistance lies near $85,406–$87,501, aligned with 100/200 EMA clusters.
1H Chart Observations:⌛
After the major dump from $88,000+, BTC formed a strong support zone around $82,850–$83,000.
Early signs of a CHoCH (Change of Character) forming.
If $BTC breaks above $84,100–$84,250 zone with volume, it may rally back toward $85,000.
Stochastic RSI on 1H shows crossover to upside (Blue: 26.93 | Orange: 22.79) — early momentum return.
Smart Strategy Plan:🧑🏫
Entry Zone: $83,500–$83,600 (confirmation via bullish candle or volume spike)✅
Target 1: $84,650🎯
Target 2: $85,400🎯
Target 3: $87,500🎯
Stop Loss: $82,800 (below major 1H demand zone)☣️
Breakout Confirmation: Clean 1H candle close above $84,250
Pro Tip:👨🏫
Price action is king. Avoid emotional long entries unless BTC reclaims 200 EMA on 1H.
👨❤️👨"Opportunities don't shout; they whisper through patterns, levels, and candles. Listen carefully."
Disclaimer: ⚠️
This is not financial advice. Do your own research and trade at your own risk.
