$BTC /USDT Bitcoin’s Breakdown: Bounce or Bull Trap🤔🔐🔑👇
Current Price: $77,094
Trend Structure: Bearish continuation
Timeframe Analysis: 1D & 1H
1D Chart Overview:📊
$BTC has broken down sharply from its consolidation zone and is now trading below all major EMAs (20/50/100/200). The most recent daily candle confirms a strong bearish engulfing, pushing price to retest the $76,000 zone. The Stochastic RSI is in oversold territory (K: 13.87, D: 28.50), showing slight convergence for a relief bounce but still lacking volume confirmation. The structure remains weak unless BTC reclaims $83.2K+.
1H Chart Confirmation:📊
👉On the 1H timeframe, BTC is bouncing off its local demand zone near $75,300. Price is attempting to reclaim the 20 EMA, showing short-term bullish intent. Stochastic RSI (K: 92.11, D: 67.89) is already in overbought territory, suggesting that this relief rally could be fading quickly unless supported by strong momentum.
Bearish Trade Setup :📉
Entry: $77,800–$78,000 (current retest zone)✅
Stop Loss: $78,600 (above last 1H swing high)☣️
Take Profit Zones: 🎯
$75,300
$73,800
$71,200
Risk Level: Medium-High
Confirmation: Look for bearish rejection candle + bearish divergence on LTF RSI
Pro Tip:🧑🏫
BTC failed to hold above its 200 EMA for the second time this month. Traders should stay nimble — until BTC reclaims $83.2K, all relief rallies are suspect.
Market Sentiment:👨🏫
Fear increasing as $BTC trades at monthly lows. Volume remains weak on rebounds — suggesting distribution is still active.
👨❤️👨"A successful trader is not the one who predicts, but the one who prepares."
Disclaimer: ⚠️
This analysis is for educational purposes only. Always manage your risk and use proper stop-losses.
