$BTC USDT Trade Signal ✅📊
The price sharply dropped from $91,790 to a low of $87,526, showing significant bearish momentum.
The current rebound to $88,912 is a retracement from the sell-off but has not yet established a strong upward trend.
The moving averages show a bearish crossover (MA(5) below MA(10)), suggesting that the downtrend might continue unless a strong upward movement is confirmed.
Potential Bullish Reversal:
The RSI is recovering from a lower level, indicating that selling pressure might be decreasing. However, it has not yet crossed the 50 mark, which would confirm bullish momentum.
If the price holds above $88,000 and forms a higher low, this could be an early sign of a reversal.
Suggested Strategy:
If Bearish: Consider selling if the price fails to hold above the $88,000 support level, especially if the RSI starts dropping and the moving averages continue to diverge downward.
If Bullish: Consider buying if the price closes above $89,000 with increasing volume and if the RSI crosses above 50, indicating a potential reversal.
Use tight stop-loss orders due to high volatility, particularly if breaking below key support levels like $87,500. Monitoring volume spikes for further confirmation of trend continuation or reversal is also crucial.
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