Currently, BTC (Bitcoin) is in a downtrend, but there are signs of recovery as it retests the EMA200 resistance zone. If the price fails to break through this level, the downtrend will likely continue. On the other hand, a successful breakout could lead to further upside potential.

1️⃣ Trend & Market Structure (SMC)

Main Trend: Downtrend, but signs of recent recovery

Break of Structure (BoS): The price is retesting the EMA200 resistance zone

Supply Zone (Resistance): $84,000 – $85,000 (EMA200 + VPVR)

Demand Zone (Support): $80,000 – $81,000 (Strong accumulation zone)

2️⃣ Volume Profile (VPVR)

POC (Point of Control): ~$82,208 (Price has crossed the POC and is now retesting)

High Volume Node (HVN): $81,500 – $83,000 (Strong trading activity)

Low Volume Node (LVN): ~$76,500 (If the price drops, it may test this area)

3️⃣ EMA (Exponential Moving Averages)

EMA200 (Purple): ~$83,723 – Significant dynamic resistance

EMA50 (Red): ~$83,291 – Price is retesting EMA50 after breaking above it

🔹 If the price holds above EMA50, it could further test the $85,000 zone

🔹 If rejected at EMA200, the price may revisit the $81,000 support level

4️⃣ RSI (Relative Strength Index)

RSI (14): ~52.24 – Neutral, not in overbought or oversold territory

🎯 Trading Strategies

📉 Short Scenario (Following the Main Trend)

Entry: $84,000 – $85,000 (Strong resistance zone)

Stop Loss: $85,500

Take Profit:

• TP1: $82,000
• TP2: $80,500
• TP3: $78,000

Condition: RSI remains below 60 and price is rejected at EMA200

📈 Long Scenario (High Risk, Awaiting Breakout)

Entry: $83,300 – $83,500 (If the price holds above EMA50)

Stop Loss: $82,800

Take Profit:

• TP1: $84,500
• TP2: $85,000
• TP3: $86,500

Condition: Candle closes above EMA200 with high volume

5️⃣ Conclusion

Main Trend: Downtrend, but showing recovery signs

Strong Resistance: $84,000 – $85,000 (EMA200 + VPVR)

Key Support: $80,000 – $81,000

Primary Strategy: Short if the price is rejected at $84,000 – $85,000, Long on a strong breakout

⚠️ Patience is key. Wait for confirmation before entering any trade! 🚀

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