๐จ BTC/USDT โ Short-Term Retail Signal (1H)
Market Snapshot BTC is trading around 68,670, sitting below key short-term moving averages. Price is showing weakness after failing to reclaim resistance near 69.5kโ70k.
Technical Read
Trend: Short-term bearish / range-bound
EMA 7 & 25: Price below both โ sellers in control
EMA 99: Acting as strong overhead resistance
RSI (6): ~40 โ weak momentum, not oversold yet
MACD: Slight recovery attempt, but still below zero โ no strong reversal confirmed
Key Levels
Resistance: 69,100 โ 69,800
Support: 68,000 โ 67,800
Major Breakdown Level: 67,800
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๐ Retail Trade Idea
Bias: Short on pullbacks (counter-trend longs are risky)
Short Setup
Entry: 69,000 โ 69,500
Stop-Loss: Above 70,200
Targets:
TP1: 68,000
TP2: 67,800
Alternative Scenario If BTC reclaims and holds above 70k, this bearish setup is invalid โ wait for confirmation before longing.
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โ ๏ธ Retail Reminder Market is choppy. Avoid over-leverage, wait for price to come into levels, and donโt chase green candles.
