Pattern analysis, long/short entries, Fibonacci, and EMA cross for $BTC BTCUSDT Perpetual

#NasdaqWorstDayInOverAYear #dump #short

Current key data

· Price: $60,636.8 (-2.55%)

· 24h High: $62,621.9

· 24h Low: $59,080.0

· RSI(6): 43.7 (neutral, slightly leaning bearish)

· Volume (BTC): 2.3K

· MA(5): 7.6K

· MA(10): 10.4K

→ Very low volume → lack of conviction in both directions.

EMAs (completely bearish setup)

· EMA(7): $60,794.4 → above the price

· EMA(25): $61,197.8 → above

· EMA(99): $64,193.8 → above

· EMA(200): $67,363.5 → above

➡️ Complete bearish cross confirmed: Price < EMA7 < EMA25 < EMA99 < EMA200

Clearly bearish trend across all timeframes.

Pattern

The price fell from $62,621 to a low of $59,080 (breaking previous supports).

Currently bouncing weakly from the low (low volume, RSI not recovering 50).

A bearish channel is observed or simply a pause within the downtrend.

Fibonacci Retracement #fibonacciretracement

Taking $59,080 (24h low) → $62,621.9 (24h high)

Range = 3,541.9 USDT

Price Level Use

0.236 $60,351 Immediate support (price nearby)

0.382 $60,433 Current price zone

0.500 $60,851 Immediate resistance

0.618 $61,269 Strong resistance (near EMA25)

0.786 $61,863 Major resistance

The current price ($60,636) is **between 0.382 and 0.5**.

If it holds above 0.382 ($60,433) it might attempt a bounce up to 0.5 ($60,851).

Suggested entries

🔻 Shorts – high priority 🔻

· Entry Zone: $60,850 – $61,200 (bounce up to resistance 0.5 or EMA25)

· Confirmation: bearish candle + RSI falling below 43 + low volume

· Stop loss: above $61,300

· Take profits:

· TP1: $60,433 (0.382 Fibo)

· TP2: $60,000 (psychological support)

· TP3: $59,080 (24h low)

🔺 Longs – only for very quick scalping

· Entry Zone: $60,433 – $60,500 (bounce from 0.382 Fibo)

· Confirmation: bullish candle + RSI rising above 45

· Stop loss: below $60,350

· Take profits (very tight):

· TP1: $60,851 (0.5 Fibo)

· TP2: $61,000 (psychological)

· ⚠️ Do not wait beyond EMA7 ($60,794) as it's strong resistance.

❌ I do not recommend medium-term longs because the overall structure is bearish.

EMA cross #EMACross

· Status: fully bearish (all EMAs in descending order above the price)

· Interpretation: each bounce towards the EMAs is a selling opportunity.

· Strategy:

· Look for shorts on bounces towards EMA7 ($60,794) or EMA25 ($61,197)

· Do not buy until the price recovers at least EMA7 and EMA25 with volume.

Conclusion

Clearly bearish scenario with weak technical bounce.

✅ Recommended shorts on bounces towards $60,850–$61,200.

❌ Longs only for quick scalping from $60,433–$60,500 with very limited targets.

📉 The overall trend remains down. RSI at 43.7 does not show buying strength. Extremely low volume (2.3K vs MA10 of 10.4K) indicates that the current bounce is unreliable.$BTC