$BTC at a Crossroads! 🚨 Bounce or Deeper Dip?
Bitcoin ($BTC ) is currently battling to stay above the $65,000 support zone. The 4H chart shows a series of lower highs, indicating that the bears are currently in control of the momentum. 📉
🎯 Short-Term Scalp Setup:
Entry Zone: 66,200 – 66,500
Stop Loss (SL): 68,500
Target 1 (TP1): 64,800
Target 2 (TP2): 62,500
Target 3 (TP3): 60,000 (Major Support)
🔍 Quick Analysis: $BTC is trading below its MA(7), MA(25), and MA(99), which is a classic bearish signal. A rejection from the $66,716 (MA7) resistance could lead to a quick retest of the $65k lows. Watch the volume closely for a potential fake-out!
⚠️ Risk Management: BTC volatility can liquidate high leverage positions in seconds. Stay safe and use 5x-10x max!
Is the bottom in, or are we going to $60k? Share your view below! 👇
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