Bitcoin is showing classic signs of oversold conditions after a sharp -3.16% drop in the last 24 hours! 📉

Current price hovering around $86,500 USDT on Binance futures (perpetual), down from a 24h high of $89,444. The chart displays heavy red candles, price testing lower Bollinger Band ($86,303), and critically low momentum:

RSI(14) at 35.5 (nearing oversold territory)

RSI(6) dipping to 19.8 – super oversold signal!

Stochastic K:18.2 / D:27.2 – deep in oversold zone

MACD bearish with DIF/DEA negative and histogram expanding downward

Long Liquidation/Share ratios remain high (L.S Ratio ~2.52, accum ~2.85 with 74%+ long dominance), suggesting potential short squeeze if buyers step in. Volume is solid but price rejected higher levels hard.

This setup screams potential reversal bounce from here – classic buy-the-dip moment in a broader uptrend structure! 🚀

TRADE IDEA – LONG $BTC USDT Perpetual Now!

Entry: around current levels ~$86,500–$86,700

Take Profit 1: $89,000 (+~2.9%)

Take Profit 2: $91,000 (+~5.2%)

Stop Loss: $84,000 (-~3%) – tight below recent low to manage risk

High-conviction oversold bounce play – don't miss the potential relief rally!

Trade or BUY $BTC / $USDT Now! Follow & turn 🔔 on ✅ Let's catch this move together! 💪📈

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