๐ฅ๐ฅ๐ฅ#Bitcoin #BTC #DailyCandle #ChartAnalysis ๐ Short-term resistance above 84K / 88K ๐ Short-term support below 76K / 74.5K [Current Market Situation] ๐ Attempting to settle at the key selling point (76.4K) and the green support zone. ๐ After entering the oversold zone, the RSI is rising, signaling a short-term rebound. ๐ Attempting to re-enter the band after breaking below the lower Bollinger Band (relieving excessive decline). ๐ The long-term moving average (light blue) is below resistance, indicating a downtrend in the medium-term. ๐ Buying is flowing in after the plunge, but a trend reversal with volume is yet to be confirmed. [Major Price Scenarios] ๐ Bullish Scenario ๐ Conditions: 76K support held + RSI 30 or higher breakout + 4H/Daily candlestick settling ๐ Flow: Support confirmed โ Technical rebound begins โ First target price (84K) breached โ Bollinger breakout attempts to settle. ๐ 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. ๐ Bearish scenario ๐ Conditions: Failure of 76K support + Failure to break above resistance upon rebound + Additional selling due to high volume. ๐ Flow: Support line collapse โ Selling pressure appears โ Downward pressure accelerates โ Downward pressure expands to the 71K-73K range. ๐ Trading strategy: If the price breaks below 76K, significantly reduce exposure and wait until the lower support (around 71K). [Caution] ๐ด Technical rebound โ Keep in mind that the current range is a "rebound due to excessive decline," not a "trend reversal." ๐ด Moving average resistance check โ Reaching the upper moving average and Bollinger breakout. Strong resistance expected, partial profit taking is essential. ๐ดCheck for losses in the support zone โ Risk management measures should be taken if the daily closing price deviates from the 76K level. โ๏ธThis is not a recommendation to buy or sell virtual assets. โ๏ธInvestment choices and decisions are your own. โ๏ธPlease use this as a reference when studying trading.
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