Bitcoin is flashing major oversold signals right now! 📉
$BTC /USDC on Binance perpetuals is trading around $78,500 after a sharp -5.5% drop in the last 24 hours, with the price slamming through key supports and hitting lows near $78,000.
Look at these indicators screaming opportunity:
RSI(14) at 25.0 — deeply oversold territory (well below 30), often the prelude to a strong rebound!
Stochastic showing K:20.6, D:25.9 — crossing low and ready for upside momentum.
Bollinger Bands squeezed and price hugging the lower band (~81,000 middle, down to ~78,000 zone).
Heavy long liquidations visible in the L/S ratios (Longs dominating at ~65-73% across positions/acc), meaning shorts could get squeezed hard on any bounce.
MACD deeply negative but histogram potentially flattening — classic bottoming setup.
TRADE FORECAST: LONG BTC NOW! 🚀
This looks like a high-conviction buy-the-dip moment in the ongoing correction. Oversold oscillators + capitulation vibes point to a relief rally.
Entry: Around current levels ~$78,500-$78,800
Take Profit: $82,500 (first target, near recent swing resistance) → extend to $85,000+ if momentum kicks in
Stop Loss: $77,000 (below recent low to invalidate the setup, tight risk ~1-2%)
Risk management is key — don't overleverage in this volatile market! Position size wisely.
Bitcoin's showing classic reversal signs after this brutal flush. Could be the bottoming wick we've been waiting for! Who's loading up? 💪🔥
Trade or BUY
$BTC Now! Follow & turn 🔔 on ✅ Don't miss the bounce!
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