$BTC Trading strategy on the 1-hour timeframe based on current technical indicators and price action:
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1. BTC / USDT Market Overview:
• Current Market Price: $92,020
• Trend: Bearish (below EMA21/50, MACD negative, RSI weak)
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2. BTC / USDT Technical Analysis:
• Supports:
→ $91,000 - EMA50 & local structure
→ $88,900 - EMA200 & strong historical bounce zone
• Resistance:
→ $92,770 - EMA21 dynamic resistance
→ $94,900 - Swing high + high liquidity area
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3. $BTC / USDT Spot Trading Setup:
Buy Zone: $88,500–$90,000 (near EMA200 and key support)
TP1: $91,000 (short-term recovery zone)
TP2: $92,770 (EMA21 resistance)
TP3: $94,900 (prior top + liquidity cluster)
SL: Below $88,000 (EMA200 breakdown and bearish continuation risk)
Best Course of Action:
Buy – Price nearing key support around EMA200 with oversold conditions on StochRSI. Good zone for accumulation with defined upside levels.
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4. $BTC / USDT Futures Trading Setup:
• Long Setup:
Entry: $89,000–$90,000
TP1: $91,000
TP2: $92,770
TP3: $94,900
SL: Below $88,500
• Short Setup:
Entry: $92,700–$93,000
TP1: $91,000
TP2: $89,000
TP3: $88,000
SL: Above $94,000
Best Course of Action:
Bearish – Price trend remains weak with bearish momentum. Ideal for shorting pullbacks to EMA21; long only if price holds $89K area with bounce signals.
[Note: This post does not constitute financial advice. Please evaluate all risks and make investment decisions based on your own informed judgment.]
