Based on the 1H $BTC ‌USDT chart:



Signal: NEUTRAL → Slightly Bearish

Entry (Short): 60,050 – 60,180

Stop Loss: 60,420

Take Profit 1: 59,800
Take Profit 2: 59,450
Take Profit 3: 58,900

Alternative Long Scenario:

Consider longs only if BTC reclaims and holds above 60,350–60,450 with strong volume.
Targets: 60,700 → 61,100

BTC is consolidating below the MA30, while the short-term moving averages remain flat, indicating weak momentum. Unless buyers reclaim the MA30 with convincing volume, the price is more likely to continue ranging or drift lower. Trade with reduced position size and wait for confirmation before committing to larger positions.

Risk: Medium – Expect choppy price action and potential false breakouts.

#Get2SharesOfSKHynixAtZeroCost #BTCProbes60KKeySupportLevel
BTC-0.47%
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MrFlower_Prime
· 1h ago
To The Moon 🌕
Reply0
GaslightPoet
· 3h ago
Already set the first take-profit at 59,800, hope it doesn't slap the face.
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SeaSaltFlavoredStablecoin
· 3h ago
Only recognize volume; without volume, this range is a deception.
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GateUser-af0ea0c9
· 3h ago
Setting the stop loss at 60,420 is a bit tight, easy to get swept away by a spike.
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MoonlightColdWallet
· 3h ago
The 60k level has been grinding for too long, feels like both bulls and bears are waiting for CPI.
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RiskParityKid
· 3h ago
The MA30 didn't hold, it's indeed weak. Let's start with a light position.
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AliNovaX
· 3h ago
LFG 🔥
Reply1
AliNovaX
· 3h ago
To The Moon 🌕
Reply1