Entered $BTC at $62,000, now targeting $62,900
Low Timeframe Play:
- Currently hovering near key MAs (MA120 at $62,084, MA200 at $62,265) acting as support/resistance.
- Rejected at $64,448 with lower highs formingâshort-term bearish sentiment remains.
- RSI trending down, indicating selling pressure hasnât eased.
- MACD signals weakening bullish momentum, with a bearish crossover on the horizon.
Risk management:
- Stop loss at $61,430
- Stop profit at $63,150
Looking for a push towards $62,900 before hitting potential resistance.
