📊 Bitcoin Technical Alert: RSI Entering Oversold Territory 📊 The $BTC 4-Hour chart is now flashing "Oversold" on the RSI (Relative Strength Index), dipping below the critical 30 level. Historically, when the RSI hits these lows during a bull market correction, a relief bounce or "Dead Cat Bounce" often follows. Key Levels to Watch: 🔻 Support Zone: $75,500 - $78,000 (Must Hold) 🔺 Immediate Resistance: $82,000 While the trend is currently bearish, shorting at these levels is risky. The risk/reward ratio here favors a potential long scalp if we see a strong rejection candle. ⚠️ Caution: Do not catch a falling knife. Wait for confirmation on the 1H timeframe before entering. Are you waiting for lower entries or scaling in now? Let's discuss the chart! 👇 #RSI #TechnicalAnalysis #BTC #cryptotrading #ChartAnalysis
🚨 Bitcoin Breaches $80k Support: The Final Shakeout? 🚨 The market sentiment has officially hit "Extreme Fear" today as $BTC slides into the $75,000 zone. 📉 Historically, panic selling at these RSI levels has often marked a local bottom, but the momentum is currently heavy. We are at a critical decision point: 1️⃣ The Bear Case: If we close the daily candle below $78k, the next major liquidity grab could be around $75,500. 2️⃣ The Bull Case: This is a classic "bear trap" designed to liquidate over-leveraged longs before the next leg up. I am watching the $78,500 level closely. If we reclaim it by end of day, the reversal could be aggressive. 💡 Strategy: I am dollar-cost averaging (DCA) small amounts here rather than going all-in. Patience pays when the market is red. 👇 What is your move right now? Are you panic selling or stacking cheap sats? Let me know in the comments! #Write2Earn #BTC #Bitcoin #MarketDownturn #Crypto