Analysed chart
Price rallied sharply from 73,370 to 78,201 and is now pulling back toward the 0.618 Fibonacci retracement at 76,356.
Entry : 75,633
Breakout level
Safer Entry :75,216
Wait for pullback
Stop Loss :76,446
Risk : Reward 1:2
Acceptable ratio
Take Profit 1 :74,826
Take Profit 2 : 73,822
What We See
BTC/USDT on the 15-minute chart shows a completed impulse move from 73,370 to 78,201, followed by a clear bearish retracement. Price has broken below the 0.618 Fib level at 76,356 and is trading below the 7 and 25 EMAs, which have crossed bearishly. Two strong horizontal support levels sit at 74,826 and 73,822.
Why It Matters
The 0.618 Fibonacci level has flipped from support to resistance, a common signal that the retracement may continue lower. The EMA crossover on the short timeframe adds confluence that selling pressure is currently dominant.
Risk Note
Medium Risk
Stop loss is placed above the current resistance zone at 76,446. Risk only 1-2% of account capital per trade and wait for a confirmed close below 75,216 before sizing into the pullback entry.