📊 [TA] BTC/USDT - Breakout Above MA 99 or Rejection at Key Resistance?
As the new trading day begins, BTC is testing the $80,573 level amid mixed RSI signals. Will the "King of Crypto" surge to $85,000 or correct toward $75,000?
Key Analysis:
• Bullish RSI Divergence: RSI(6) at 69.35 shows short-term overbought conditions, while RSI(24) at 53.82 remains neutral. MACD(12,26,9) displays positive divergence at 137.33 points
• Symmetrical Triangle Pattern: Price consolidating between $81,243 resistance (24h High) and $75,000 support, signaling potential breakout within 24-48 hours
• Multi-layer Resistance: Cluster resistance at MA 99 ($81,561) combined with $81,200 sell-wall in order book. Strong support at $74,508 (Fibonacci 0.618)
Trading Plan:
👉 Entry: $81,600 (4H candle close above MA 99)
👉 TP1: $83,000 (R:R = 1:2)
👉 TP2: $85,000 (R:R = 1:3)
👉 SL: $79,900 (Below short-term support)
Reverse Scenario: If price breaks $75k support, consider short positions with TP $72,500
📌 Disclaimer: This analysis represents personal market observations only, not financial advice. Cryptocurrency trading carries substantial risk. Always conduct your own research (DYOR) and consult licensed professionals before making investment decisions. Past performance does not guarantee future results.
