📊 $BTC Trade Idea
US Flash Manufacturing PMI came in at 51.9 (lower than the 52.1 forecast), and Services PMI held steady at 52.5. This "cooler" data suggests a slight slowing in economic expansion, which traditionally puts downward pressure on the USD and can provide a "risk-on" relief bounce for Bitcoin.
The Setup: BTC is currently fighting to reclaim the $90,000 psychological level. If the weak USD trend continues following the PMI miss, we look for a move toward the 50-day EMA.
Direction: Long (Scalp/Intraday)
Entry Zone: $89,200 – $89,900
TP 1: $91,950 (50-Day EMA Resistance)
TP 2: $94,000 (Major Supply Zone)
Stop Loss (SL): $87,700 (Below today's support floor)
Market Analysis:
Bullish Catalyst: The lower-than-expected PMI data may signal that the Fed has more room to breathe, weakening the DXY and helping BTC stabilize.
Risk Factor: Sentiment remains "Neutral" to "Fearful." If BTC fails to close a 4H candle above $90,000, we could see a retest of the $85k demand zone.
Trade Tip: Keep leverage low. Macro news often creates "wicks" in both directions before a clear trend forms.
#BTC☀️ #Bitcoin #CryptoTrading
