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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ#Bitcoin #BTC #DailyCandle #ChartAnalysis ๐Ÿ“ˆ Short-term resistance above 84K / 88K ๐Ÿ“‰ Short-term support below 76K / 74.5K [Current Market Situation] ๐Ÿ”˜ Attempting to settle at the key selling point (76.4K) and the green support zone. ๐Ÿ”˜ After entering the oversold zone, the RSI is rising, signaling a short-term rebound. ๐Ÿ”˜ Attempting to re-enter the band after breaking below the lower Bollinger Band (relieving excessive decline). ๐Ÿ”˜ The long-term moving average (light blue) is below resistance, indicating a downtrend in the medium-term. ๐Ÿ”˜ Buying is flowing in after the plunge, but a trend reversal with volume is yet to be confirmed. [Major Price Scenarios] ๐Ÿ“ˆ Bullish Scenario ๐Ÿ”˜ Conditions: 76K support held + RSI 30 or higher breakout + 4H/Daily candlestick settling ๐Ÿ”˜ Flow: Support confirmed โ†’ Technical rebound begins โ†’ First target price (84K) breached โ†’ Bollinger breakout attempts to settle. ๐Ÿ”˜ Trading strategy: If support is confirmed in the current range, buy at a low point with a favorable profit-loss ratio. Set a stop loss when the price breaks below 74.5K. ๐Ÿ“‰ Bearish scenario ๐Ÿ”˜ Conditions: Failure of 76K support + Failure to break above resistance upon rebound + Additional selling due to high volume. ๐Ÿ”˜ Flow: Support line collapse โ†’ Selling pressure appears โ†’ Downward pressure accelerates โ†’ Downward pressure expands to the 71K-73K range. ๐Ÿ”˜ Trading strategy: If the price breaks below 76K, significantly reduce exposure and wait until the lower support (around 71K). [Caution] ๐Ÿ”ด Technical rebound โ€” Keep in mind that the current range is a "rebound due to excessive decline," not a "trend reversal." ๐Ÿ”ด Moving average resistance check โ€” Reaching the upper moving average and Bollinger breakout. Strong resistance expected, partial profit taking is essential. ๐Ÿ”ดCheck for losses in the support zone โ€” Risk management measures should be taken if the daily closing price deviates from the 76K level. โ—๏ธThis is not a recommendation to buy or sell virtual assets. โ—๏ธInvestment choices and decisions are your own. โ—๏ธPlease use this as a reference when studying trading.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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