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$BTC / USDT Perp — Oversold Rebound (Scalp Long)
Market Context:
BTC saw a sharp sell-off and is now testing intraday lows. Momentum is bearish, but short-term exhaustion signals are active.
📌 Last Price: 66,799
📉 Trend: Bearish (below all major EMAs)
📊 RSI(6): 20.7 → Deep oversold
📉 MACD: Strong bearish but selling pressure flattening
Historically, such RSI compression often leads to fast relief bounces.
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🚀 LONG Setup (Counter-Trend Scalp)
📥 Entry Zone:
66,500 – 66,800 (Demand + 24h low support)
🛑 Stop Loss:
66,200 (Range breakdown invalidation)
🎯 Targets:
• TP1: 67,200 — first resistance / bounce confirm
• TP2: 67,800 — EMA7 + supply zone
• TP3: 68,500 — resistance cluster / liquidity grab
⏱ Timeframe: 15m – 1h
⚡ Leverage: 5x–10x (risk-controlled)
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💡 Trade Logic:
• RSI at extreme oversold = seller exhaustion
• Elevated volume supports snap-back move
• Reclaim above 67,200 strengthens bounce continuation
• This is a relief rally, not trend reversal
⚠️ Risk Note:
Counter-trend trade — position size small, SL strict. No emotions.
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#BTC #Bitcoin #ScalpTrade #OversoldBounce
#CryptoPerp