Bitcoin is showing signs of life at $65,184 after a solid +3.15% bounce today! 📈
The chart reveals a downtrend that's been grinding lower, but we're now holding just above a key support zone around $65,000–$65,867. Price rejected lower levels and closed green on the daily, with volume picking up on the rebound. EMAs are still stacked bearish (8/13/21), but momentum indicators are hinting at a potential reversal:
Stochastic (K:32, D:33.9) exiting oversold territory
RSI(14) at 34.6 climbing from lows
Recent candlesticks forming higher lows after the dip to ~$59,800
This setup screams short-term bullish relief rally potential — especially if we break and hold above the 8 EMA (~$66,186).
TRADE IDEA – LONG BTC/USDT NOW! 🚀
Entry: Around current levels ~65,184
Take Profit: 67,500 (first target near recent swing + next resistance)
Stop Loss: 63,800 (below recent low & 24h low zone for protection)
Risk-reward looks juicy ~1:2+ if momentum kicks in. Bulls stepping in — don't miss the bounce!
Trade or buy
$BTC /$USDT Now! Follow & turn 🔔 on ✅ Let's ride this wave together! 💪🔥
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