šØ When Will Bitcoin Stop Falling? Hereās How You Can Make the Perfect Entry! šŖ
The BTC/USDT 4-hour chart tells an interesting story. Bitcoin has been on a sharp decline recently, currently sitting at $92,582, down -2.84% in the last 24 hours. But when will this fall end? Letās break it down and figure out the best entry point for you!
Key Observations From the 4-Hour Chart:
1ļøā£ Support Level at $91,800: Bitcoin tested this level earlier and found temporary relief. This could be the key short-term support zone, but if broken, the next major support could be around $90,000ā$89,500.
2ļøā£ Resistance at $96,000ā$98,500: BTC struggled to sustain above this zone and faced heavy selling pressure, leading to the current drop.
3ļøā£ Volume Spikes: Notice the red candles with high volumeāthis indicates strong selling pressure. However, the volume is slightly decreasing, signaling that sellers might be losing momentum.
4ļøā£ Oversold RSI Soon? Indicators like the RSI (Relative Strength Index) on lower timeframes suggest BTC is nearing oversold territory, which could trigger a bounce soon.
When Will Bitcoin Stop Falling?
It depends on whether buyers defend the $91,800 support level. If this zone holds, we might see a relief rally toward $95,000ā$96,000. But if it breaks, expect further downside toward $90,000 or even $88,000.
How to Make a Good Entry
š¢ Entry Strategy:
Wait for BTC to hold above $91,800 with a clear reversal signal (e.g., bullish candles or higher volume).
Alternatively, look for an entry around $90,000 if the current support fails.
š“ Avoid These Mistakes:
Donāt rush in; wait for confirmation.
Avoid leverage unless youāre experiencedāitās a volatile zone.
Overview :
Bitcoinās current decline could be a buy-the-dip opportunity, but patience is key. Watch the support levels and be ready to act if BTC shows strength.
Where do you think BTC is headed next? Will $90K hold, or are we in for more pain? Letās discuss below! š