Technical Analysis BTC/USDT [1D]
🔹 83,659 USDT
🔹 Volume (24h): 48,160 BTC
🔹 Average Volatility: 4.32%
📊 Key Indicators:
🔴 RSI(14): 22.02 (Extremely oversold, rarely seen)
🔴 MFI(14): 13.51 (Intense selling with exhaustion)
🔴 CCI(14): -154.20 (Out of normal ranges, oversold)
🔴 MACD: Active bearish crossover
🔴 ADX: Strong bearish trend
🔴 TD Sequential: 11 Down (Imminent selling exhaustion)
📊 Analysis:
· Trend: Intense bearish, but with indicators at extreme levels alerting about a possible technical rebound. The price is below the SMA(50), confirming selling pressure.
· Volatility: Moderate (4.32%), but the day's range (80,600 - 87,498) reflects nervousness in the market.
· Supports:
· 80,600 USDT (Day's low, key)
· 79,000 USDT (Psychological support)
· 76,000 USDT (Historical zone)
· Resistances:
· 87,498 USDT (Recent high)
· 90,000 USDT (Psychological and technical resistance)
· 93,000 USDT (Where the SMA(50) is)
🎯 Strategy:
· Scenario 1 (Technical rebound): If the price holds 80,600, enter at 81,500. Take profit at 87,500 and 90,000. Stop loss at 79,000.
· Scenario 2 (Bearish breakout): If it loses 80,600, wait for sales down to 79,000 or 76,000. Enter short with SL at 82,000 and TP at 77,000.
· Scenario 3 (Consolidation): Lateral between 80,600 and 87,500. Trade within ranges with SL outside the limits.
🔍 Obs.:
· Momentum indicators in extreme oversold, which historically precedes rebounds. Caution with possible bearish traps.
· Stable volume but not catastrophic. Lack of real panic for a definitive bottom.
· The TD Sequential at 11 down suggests that the bearish movement is exhausted. Any reversal could be quick.
⚠ Risk: Market in fear mode. Manage position size and wait for confirmation of reversal before entering long.
Cryptocurrency trading carries a high risk. (DYOR) 🚀