"Remember my post yesterday about ‘wait and see’ and a light scalping long at 108K, closing the order at 112K? Congrats to those who profited from my tip! For the next signals, keep following to stay updated…" $BTC
From the three BTC/USDT charts, the overall trend still appears bearish. On the 4-hour timeframe, the price dropped to 108.5K before bouncing back to the 110K area, but the movement is still dominated by minor consolidation. On the 1-hour timeframe, there are signs of a rebound, though the price remains below the moving averages, indicating the larger trend is still downward. On the daily timeframe, the decline is more apparent, falling from a peak of 124K to around 110K, which shows that the medium-term trend is still bearish even though the price is now sitting at a strong support zone. In short, the market is currently in a downtrend but with a potential for a short-term bounce around the 108K–110K area before a clearer direction forms. #WaitAndSee $BTC
There is indeed a Long potential, but it is more suitable for short-term scalping rather than a bigger trend move. The larger trend on the 4H–1D timeframe is still bearish, with candles remaining below major moving averages, so any upward move is more likely to be a temporary rebound rather than a full reversal.
📌 The Long setup becomes valid if:
Price holds above the 108.5K–109K support zone.
A strong green candle with higher volume appears on the 1H/4H timeframe, signaling buyer pressure.
The upside target is limited to the 111.5K–112K area, where resistance is likely to hold.
In summary, there is room for a Long trade, but only as a short-term scalp. For a safer and potentially larger profit, the better setup remains waiting for a Short entry near 112K–113K resistance. #MarketPullback $BTC
The current trend of BTC/USDT remains bearish, with strong support around 108.5K and resistance at 112K–113K. For a quick entry, scalping a Long position around 109.5K–110K is possible, targeting a short profit at 111.5K–112K with a stop loss at 108.5K. However, for a safer setup, it is better to wait for the price to rise toward the 112K–113K resistance area and then open a Short position, aiming for a profit target at 110K–109K with a stop loss at 114K. Therefore, the best choice for now is to patiently wait for a Short opportunity at the resistance level, while a Long position is only recommended for small scalps with limited risk.
As long as the price does not significantly break above the Moving Average line, it is likely to continue its decline. The nearest support level is around 108,559
DZAKY_Radithya
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I just entered 30$ and there's only that much left, oh dear
BTCUSDT Analysis: Likely Bearish Based on the charts, BTCUSDT is showing strong bearish (downward) signals.
• Downtrend: The price is consistently forming lower highs and lower lows. • Moving Averages (MA): The price is trading below the MA lines (7, 25, and 99), which indicates dominant selling pressure. The short-term MAs being below the long-term MAs confirms the bearish sentiment.
Conclusion: As long as the price fails to break significantly above the Moving Averages, it is likely to continue its decline. The nearest support level around 108,559.7 is key; if this level is breached, the downtrend could continue. #bearishmomentum #BTC $BTC