#📈 Bitcoin at a Crossroads 🚦

Market: Bitcoin (BTC/USD)
Timeframe: 12 hours to 2 days
Bias: Neutral (Bullish potential, Bearish confirmation)

Current Price: $17,250

Technical Observations:

Bullish Potential:

MACD crossover on the 12-hour chart, suggesting potential upward momentum.

Stochastics oscillator nearing oversold territory, indicating a possible bounce.

Volume increasing slightly, hinting at renewed interest.

Bearish Confirmation:

Price hovering below the critical resistance level of $17,500.

Daily RSI still in bearish territory.

Major moving averages (50MA and 200MA) acting as resistance.

Key Levels:

Support: $16,800, $16,500

Resistance: $17,500, $18,000

Trading Plan:

Bullish Entry: Wait for a confirmed breakout above $17,500 with volume confirmation.

Stop Loss: Below $16,500.

Target: $18,000, with potential to reach $18,500 if momentum continues.

Neutral/Wait: If the price remains range-bound between $16,800 and $17,500, wait for a clearer directional signal before entering.

Bearish Confirmation: Watch for a close below $16,500 with high selling volume. This could signal a further decline towards $16,000 or lower.

Disclaimer: This information is for educational purposes only and does not constitute financial advice. Do your own research and consult a qualified financial advisor before making any investment decisions.

Stay tuned for updates on this signal and more short-term crypto insights! 📊📉 #BitcoinSignal #CryptoAnalysis #TradingStrategy #bitcoinupdatelatest