#BTCvsMarkets BTC/USDT – Oversold & Watching for a Bounce! 🔍

💲 Current Price: $92,865.11 (-0.36%)

📅 Date: April 25, 2025

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🔑 Key Observations

✅ Bearish Momentum with Oversold Signals

Price below all major EMAs: EMA(7): $93,266.60, EMA(25): $93,472.48, EMA(99): $93,210.76

MACD Bearish: DIF (-63.72) < DEA (56.58), MACD = -120.31

RSI(6): 19.15 – deeply oversold

StochRSI: 0.00, Williams %R(14): -99.75 – max oversold territory

Volume: Low during recent drop, suggests potential for reversal

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📈 Trade Scenarios

🟢 Scenario 1: Reversal Play (Oversold Bounce)

• Entry: $92,200 – $92,800 (current support zone)

• TP1: $93,600 (EMA99)

• TP2: $94,444 (24h high)

• 🛑 SL: Below $91,660 (24h low)

🔴 Scenario 2: Bear Continuation

• Entry: Breakdown below $91,660 (24h low)

• TP1: $90,500

• TP2: $89,000

• 🛑 SL: Above $93,000 (EMA cluster zone)

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⚠️ Risk Management

• Position Size: ≤2% of capital

• Stop-Loss: Use tight stops below/above critical levels

• Confirmation Needed:

For bounce: Bullish candle + volume pickup

For drop: Strong candle close below $91,660

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📌 Notes

• All indicators in deep oversold territory, suggesting rebound potential

• MACD still bearish—watch for crossover

• Price rejection at EMA clusters could lead to fakeouts

Click Trade Now if setup aligns with your plan!

Not financial advice. DYOR & manage risk properly.