Scalping & Mid-Term Analysis for Bitcoin 2-11Market Overview:
Trend: Bitcoin is in a neutral to bearish consolidation, facing resistance at $98,900 - $99,500.
Key Levels:
Resistance: ~$98,900 - $99,500
Support: ~$96,200 - $96,600 (weak), ~$94,500 (stronger)
Indicators:
MACD: Weak momentum, no clear bullish divergence.
EMA: BTC is struggling at the 200 EMA (~$98,900), a major trend confirmation level.
RSI: Stuck in a mid-range, showing indecisiveness.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Short-Term Play)
Why? BTC is trading between strong resistance and weak support.
How?
Buy near $96,600, scalp to $97,900 - $98,500.
Sell near $98,900 - $99,500, scalp short to $97,000.
Stop-loss: Below $96,200 for longs, above $99,500 for shorts.
🩸 2. Breakout Scalping (If Volatility Kicks In)
Trigger: A breakout above $99,500 or breakdown below $96,200.
Execution:
If BTC breaks $99,500, scalp long targeting $101,000 - $102,000.
If BTC drops below $96,200, scalp short to $94,500 - $93,800.
🩸 3. EMA Scalping
Why? BTC is struggling at the 200 EMA, meaning rejection could lead to further downside.
Execution:
Short near $98,900 - $99,500 if BTC fails to reclaim 200 EMA.
Go long only if BTC reclaims $99,500+ with strong volume.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Bias: Bearish → Neutral
Why?
Failure to hold above the 200 EMA signals weak trend continuation.
RSI divergence shows a lack of strong buying pressure.
If BTC fails to reclaim $99,500, expect a drop to $94,500 - $93,800.
A confirmed breakout above $99,500 is required for bullish continuation to $102,000 - $105,000.
🔥 News & Market Context:
No major bullish catalysts, BTC is reacting to liquidity grabs and market structure shifts.
Market makers may push BTC below $96,000 before a potential rebound.
Correlation with traditional markets & DXY strength will influence BTC's next move.
🔥 Decision: Enter or Stay Out?
🩸 Short-term: Scalping is viable, but avoid high-risk long positions near resistance.
🩸 Mid-term: Bearish unless BTC reclaims $99,500+.
🩸 Ideal Play: Short on rejection, avoid longs unless BTC holds above $99,500.
👑 Final Verdict:
BTC is at a critical level. If it fails to reclaim $99,500, expect a drop to $94,500 - $93,800. 🔥
