BTC/USDT 4-hour chart provided, the price is currently showing a slight recovery after testing a major support level near the $84,450 low. The MACD is showing a bullish crossover (DIF crossing above DEA) and the RSI is bouncing from oversold conditions.
Here is a trade setup based on the current technical indicators:
🎯 BTC/USDT Trade Setup 🚀
✅ Entry Zone: $86,700 - $87,200 (Current Market Price to slight pullback)
🚫 Stop Loss: $84,300 (Just below the recent local low to protect against further downside)
🎯 Take Profit 1: $88,600 (Targeting the Middle Bollinger Band/Resistance)
🎯 Take Profit 2: $90,500 (Previous consolidation zone)
✅ Take Profit 3: $92,500 (Major resistance level before the recent drop)
💡 Market Insights
Support: The price found strong buying interest at $84,450.
Trend: While the overall 4H trend has been bearish, the MACD in your second image shows a "Green Histogram" starting to form, suggesting a potential short-term reversal or relief rally.
Risk: Keep an eye on the volume; a break below $84k would invalidate this bullish setup.
