Bitcoin: Traders Advise Caution on Scalping Longs
Bitcoin traders warn against catching falling knives in BTC longs; wait for positive whale order flow and bid liquidity amid neutral RSI at 51.57 and bearish MACD signals.
SourceSeasoned traders at Material Indicators (@MI_Algos) are sounding the alarm for those eyeing another BTC long scalp, urging patience until whale order flow flips positive with robust volume and near-range bid liquidity locks in. They highlight how FireCharts binned CVD delivers those early, actionable insights that reveal market shifts before candles even form, steering clear of misleading narratives that trap impulsive entries at structural resistance confluences.
Diving into the 4h chart, Bitcoin holds a bullish trend structure with price at $75,678.29 sitting above the EMA50 at $74,860.33 and EMA200 at $72,145.94, acting as layered support floors that could cushion any dips. Yet the MACD screams bearish with a death cross at 148.65, clashing against a neutral RSI of 51.57, while price trades snug inside Bollinger Bands—testing upper resistance at $76,705.78 without exhaustion signals, hinting at a potential retracement to that EMA50 support before bulls regroup for continuation, especially if order flow data confirms the shift amid ongoing BTC price prediction volatility and whispers of a crypto market crash aversion through tools like TAO-linked analytics.
Material Indicators
@MI_AlgosA comprehensive crypto analytics platform offering trading signals and market data