🚨 BTCUSDT (4H/1H) Update: Healthy Consolidation After the Correction!
Bitcoin (
$BTC ) is currently trading in the range of 84,521 USDT, moving neutrally after a healthy correction from its peak at 87,467 USDT.
Here is a multi-timeframe technical analysis summary from Our Radar:
📌 Analysis Highlights:
Macro Trend (1D/4H): Still dominated by a bullish trend. The Supertrend indicator on the 4H TF remains green at 83,569.2 as strong support.
Indicators: RSI (14) is at a neutral level of 51–52, indicating selling pressure is starting to ease. MACD is still showing a negative histogram, confirming an overbought release phase (cooling down).
Key Areas: MA(30) at 84,069 acts as dynamic support, while MA(10) at 85,060 becomes the nearest resistance.
🎯 Setup Plan (Trading Scenario):
🟢 Option A: Buy / Long (Trend Following)
Entry Zone: 83,600 – 84,100 USDT
Stop Loss (SL): 82,700 USDT (below swing low 82,901)
Take Profit 1 (TP1): 85,900 USDT
Take Profit 2 (TP2): 87,200 – 87,400 USDT
🔴 Option B: Sell / Short (Counter-Trend Micro)
Entry Zone: 85,100 – 85,400 USDT
Stop Loss (SL): 86,100 USDT
Take Profit 1 (TP1): 83,600 USDT
Take Profit 2 (TP2): 82,900 USDT
⚠️ Risk Disclaimer:
Always use strict risk management (maximum 1–2% risk per trade). Wait for candle close confirmation before making an entry decision.
What’s your take on BTC today? Will it keep going up or correct first? Drop your opinion in the comments section! 👇
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