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Short-Term (1 Day) for Bitcoin
RSI (51.6) is neutral, suggesting no immediate overbought/oversold pressure.
Momentum: Negative (-4617), indicating weakening short-term strength.
AO: Positive but decelerating (1032), warning of bullish exhaustion.
ADX: 18.06, denotes weak trend.
Ichimoku: Price is above Base (106,349) and Conversion (106,176), implying support above current price.
1H VWAP: $104,779 — BTC trading slightly above, indicating short-term buyers are holding.
📈 Trade Setup
Bias: Neutral to short bias due to weakening momentum.
Entry: $104,800
Stop Loss: $106,300 (above Ichimoku resistance)
Take Profit: $102,900 (near Classic S1)
Confidence Level: 65%
#BTC