Chart Type: BTC/USDT (15 min)
Current Price: $85,101
24h High: $85,600
24h Low: $84,291
Last Big Wick Down: $84,613
MA(5) < MA(10) — indicating short-term weakness returning
RSI (6): 46.4 — neutral zone, no extreme conditions
MACD: Recently crossed upward but is flattening
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Price Action Summary:
You had a strong bounce from $84,613, followed by a run up to $85,600
Price faced rejection at $85,600, creating a lower high
Now it’s pulling back again with moderate volume
MACD histogram is weakening after a bullish push
RSI is cooling, confirming momentum slowdown
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Trade Decision:
1. SHORT IDEA (More Convincing)
Why?
Lower high + rejection from $85.6k
Bearish MACD slowdown
MA(5) curving down again
Entry Zone: $85,150–85,250
SL: Above $85,650 (recent high + buffer)
TP1: $84,780
TP2: $84,400
TP3 (wick test): $84,200
Invalidation: If candle closes above $85,650 with volume
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2. LONG IDEA (Wait for Reconfirmation)
Only if:
BTC reclaims $85,600 level with strong volume
MACD re-expands positively
RSI breaks above 60 with bullish follow-up
Entry: $85,650+
TP1: $85,950
TP2: $86,200
SL: $85,300
Invalidation: Failure to hold above breakout point (fakeout)
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Escape Plan / Trading Summary:
Now is not ideal for a long — wait for confirmation above $85.6k
Short is safer right now, aiming for a pullback to recent support zones
Watch RSI — if it drops below 40, expect momentum to shift bearish harder
Volume is key — if red candles get higher volume than green, downside likely
