BTC/USDT Analysis – 30-Minute Chart (OKX)
Key Support Levels:
Immediate support: 82,596 USDT
Stronger support: 81,900 USDT (Potential entry point)
Stop-loss: Below 79,426 USDT (Risk management)
Key Resistance Levels:
First resistance: 84,326 USDT
Next resistance: 85,726 USDT (Major supply zone)
Higher targets: 87,702 – 88,547 USDT
Indicators & Market Structure:
BTC is testing a short-term support after a bearish move.
The Stochastic RSI shows an overbought condition, signaling a potential retracement.
The EMA 20, 50, 100, and 200 are showing mixed signals; BTC needs to break above EMA 100 to confirm bullish momentum.
The MACD histogram is showing early signs of bullish momentum.
Trade Plan:
Bullish case: If BTC holds 82,596 – 81,900 USDT, a reversal towards 84,326 – 85,726 USDT is possible.
Bearish case: If BTC drops below 81,900 USDT, further downside towards 79,426 USDT may happen.
📌 Summary:
BTC is at a crucial level, consolidating around support. If it holds above 82,596 USDT, we could see a bounce toward 85,726 USDT. However, a break below 81,900 USDT could trigger more downside. Monitor price action carefully before entering a position. 🚀
Key Support Levels:
Immediate support: 82,596 USDT
Stronger support: 81,900 USDT (Potential entry point)
Stop-loss: Below 79,426 USDT (Risk management)
Key Resistance Levels:
First resistance: 84,326 USDT
Next resistance: 85,726 USDT (Major supply zone)
Higher targets: 87,702 – 88,547 USDT
Indicators & Market Structure:
BTC is testing a short-term support after a bearish move.
The Stochastic RSI shows an overbought condition, signaling a potential retracement.
The EMA 20, 50, 100, and 200 are showing mixed signals; BTC needs to break above EMA 100 to confirm bullish momentum.
The MACD histogram is showing early signs of bullish momentum.
Trade Plan:
Bullish case: If BTC holds 82,596 – 81,900 USDT, a reversal towards 84,326 – 85,726 USDT is possible.
Bearish case: If BTC drops below 81,900 USDT, further downside towards 79,426 USDT may happen.
📌 Summary:
BTC is at a crucial level, consolidating around support. If it holds above 82,596 USDT, we could see a bounce toward 85,726 USDT. However, a break below 81,900 USDT could trigger more downside. Monitor price action carefully before entering a position. 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.