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【$BTCUSDT】Don't rush to buy the dip/chase the highs, check this first
$BTC Intraday regular volatility period, buying layer gap characteristics obvious. 4-hour MACD histogram continues to expand, bearish momentum not exhausted. 1-hour RSI dropped to 31, but price rebound lacks strength, funding support willing weak. Order book sell level 1 stacked with 9.24 BTC, buying depth severely imbalanced, selling pressure above heavy. Price has broken below EMA20 and EMA50 dual moving average clusters, structure weakening.
Current price near 69087 short directly, stop loss placed above 69560. First target watch 67800, if broken through then look toward 66800 zone. Risk-reward ratio close to 4:1, this trade worth a try.
Check live market 👇 $BTC
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