Price: 617.57
MA(7): 618.66
MA(25): 622.47
MA(99): 652.90
RSI(6): 45.95 (neutral–slightly bearish)
🔎 Technical Analysis
1️⃣ Trend Structure
Price remains below MA(25) and far below MA(99) → medium-term trend still bearish.
MA(99) is sloping downward → broader bearish bias.
Short-term MA(7) is flattening → consolidation phase.
2️⃣ Price Action
Recent swing high: 642.49
Recent support zone: 609–610
Current price is moving sideways between 610–625
This suggests range-bound intraday trading inside a larger bearish trend.
3️⃣ RSI
RSI at 45 → Neutral.
No overbought/oversold condition.
Indicates potential for either breakout or breakdown.
🎯 Intraday Trading Plan
Since price is ranging, we prepare two scenarios.
🟢 Scenario 1: Intraday LONG (Range Support Play)
Condition: Price holds above 610 support and shows bullish 4H/1H confirmation.
✅ Entry:
612–615
🛑 Stop-Loss:
605 (below strong support & liquidity zone)
🎯 Take-Profit Targets:
TP1: 625
TP2: 632
TP3: 640
🔹 Risk–Reward: Approximately 1:2 to 1:3
🔹 Best for quick intraday bounce trade
🔴 Scenario 2: Intraday SHORT (Trend Continuation)
Condition: 4H candle closes below 609 with volume expansion.
✅ Entry:
607–609 breakdown
🛑 Stop-Loss:
618
🎯 Take-Profit Targets:
TP1: 595
TP2: 585
TP3: 575
🔹 Aligns with higher timeframe bearish trend
🔹 Higher probability if BTC market is weak
📌 Key Levels to Watch
Resistance: 625 → 632 → 642
Support: 610 → 600 → 585
⚡ Intraday Bias
Currently neutral to slightly bearish unless price reclaims 625 with strong volume.
Above 625 → momentum shifts bullish
Below 609 → bearish continuation likely
If you want, I can also provide:
A scalp setup (15m chart)
A swing trade plan (1D timeframe)
Or position sizing calculation based on your capital
Let me know your preferred risk percentage per trade.
