The BTC price path is matching 100% with this warning post of mine. Don't worry, I will update you right away if there are any changes. Wish you all good luck.
BTCVN4
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🔥 BTC warning down to 64~65k - risks and opportunities
This time I analyze 100% purely technical. Eliminating all macro news.
BTC signals are gradually revealing
🔹 EMA200 weekly • Currently around ~66–68k • BTC is testing EMA200 from above In history: • Touching EMA200 rarely bounces immediately • Often lightly → shakeout → closing the candle with a long wick
👉 The sweep to ~64–65k: • Is a liquidity sweep below EMA200 • Cleans out the last longs
🔥 and then what?
Based on RSI showing us the scenario after the sweep 🔹 Weekly RSI RSI(6) ~15 → extremely oversold (rare on the weekly frame) • RSI(12) ~25 → historical multiple bottom formation area 🔹 Weekly MACD: • Deep negative histogram • But the downtrend is slowing down → signs of creating a local bottom
👉👉 This supports that after the sweep:
It won't crash further, but it's a technical bottom → strong rebound
🔥 based on weekly and 4h frame data I assess the rebound target is ~78k because:
Coincides with: • EMA50 on the 4H frame • Strong breakdown area before • Mid-range of the downtrend Is the area: • Short cover • Exit for weak holders • Bull trap if there is no real force
👉 78k = trend test area, not an area to immediately start a bull run. After this level, BTC and all alts will begin a new trend.
I will update when there are changes
This is personal opinion for you to have a perspective and avoid risks, this is not investment advice.
Wishing you success #RiskAssetsMarketShock #BinanceVietnamSquare #BinanceSquareTalks @Binance Square Official