Key reversal signals, trend scenarios, and trading strategies for Bitcoin at critical support.
Two Buy Signals detected at the critical support level of 92,000 USDT using the Composite Indicator (CCI + ATR), enhancing trade signal accuracy.
Why Did Buy Signals Trigger at 92,000 USDT?
CCI Rising from Oversold Zone (-100):→ Momentum Reversal Signal CCI, a momentum oscillator, crossed above -100, indicating reduced selling pressure and potential bullish reversal. Implication: BTC likely to rebound from support as selling exhaustion sets in.
ATR Confirms Rising Volatility:→ Filters False Signals ATR (14-period) exceeded its SMA with multiplier (0.95, 1.57), validating the strength of the buy signal. Implication: Higher volatility supports a robust reversal.
Historical Support at 92,000 USDT:→ Accumulation Zone This level previously triggered multiple rebounds, reflecting strong buy orders. Implication: Market participants may accumulate BTC here.
BTC Trend Analysis Based on Composite Indicator
Bullish Scenario: CCI > +100 and price holding above 92,000 USDT could target:
First resistance: 100,000 USDT
Next target: 109,588 USDT (prior high) Confirmation: Rising ATR and CCI above +100 strengthen uptrend potential.
Bearish Scenario: Break below 92,000 USDT may trigger sell-offs toward:
First support: 88,835 USDT (Fibonacci 1.618)
Next support: 73,620 USDT Confirmation: Declining OBV and ATR below SMA signal consolidation/weakness.
Trading Strategy
Long Entry:
Trigger: CCI crosses above -100 + ATR confirmation