$BTC
The Setup
Bitcoin is currently in a correction phase, trading significantly below its recent All-Time Highs (around $126k in Oct 2025). It is hovering near a critical pivot point at $95,300. The trend momentum is currently downward (Bearish), but it is approaching oversold territory.
Indicator Readings
RSI (14): ~43 (Neutral/Bearish). It is below the "50" midpoint, indicating sellers are in control, but it is not yet "Oversold" (30), meaning there is room for the price to drop further before a bounce.
MACD: Sell Signal. The signal lines are negative (-200 range), confirming the current downward momentum.
Bollinger Bands: Price is trading in the lower channel. The bands are not extremely tight, suggesting normal volatility, but the price is struggling to reclaim the "Middle Band" (approx $96,200).
Moving Averages: Price is below the 50-day moving average (~$96,000), acting as immediate resistance.
Action Plan: Entries, Exits & Signals
Scenario A: The Short (Bearish Continuation)
Most likely if price fails to hold $95,000.
Entry Point: $94,800 (Break below current support).
Exit Targets (Take Profit):
Target 1: $91,200 (Recent local low).
Target 2: $84,000 (Major structural support).
Stop Loss: $96,500 (Invalidation if it climbs back above resistance).
Confirmation Signal: Watch for a 1-Hour candle close below $95,000 with increasing volume.
Scenario B: The Long (Reversal Bounce)
Wait for this if the market finds strength.
Entry Point: $96,500 (Breakout above the 50-day Moving Average).
Exit Targets (Take Profit):
Target 1: $100,000 (Psychological resistance).
Target 2: $108,000 (Major resistance level).
Stop Loss: $94,500 (Below the recent swing low).
Confirmation Signal: Look for the RSI to cross above 50 and the MACD lines to cross upward (Bullish Cross).
