📉 BTC/USDT SHORT ALERT! Retest & Drop Incoming? 📉
The Bitcoin 1-hour chart is showing a clear bearish trend continuation after a major breakdown!
The price is currently hovering around $81,405 after a significant dump from the $87k range.
📊 Technical Analysis Snapshot (1H Chart):
* Key Resistance (Old Support): The previous major support at $80,600 has been breached. While the current price is slightly above it, a solid candle close below this level would confirm its role as new resistance for a deeper move.
* Moving Averages (MA): The price is trading heavily below the MA(7), MA(25), and MA(99), confirming strong short-term bearish momentum. The MAs are fanning out, indicating a powerful trend.
* Psychological Level: The $80,000 psychological level is the next critical test.
🐻 Futures Trade Idea (Bearish Outlook):
This is not financial advice. Trade responsibly!
| Parameter | Value | Note |
|---|---|---|
| Action | SHORT | Anticipating a move down to retest $80k and potentially lower. |
| Entry Range | $81,600 - $82,200 | Wait for a pullback/retest of the immediate breakdown area for a better risk/reward ratio. |
| Stop Loss (SL) | $83,200 | Just above the MA(7) to protect capital if momentum reverses. |
| Take Profit 1 (TP1) | $80,600 | Targeting the immediate low/support retest. |
| Take Profit 2 (TP2) | $79,200 | A clear break below $80,000 opens the door to this level. |
| Leverage | 3x - 5x (Isolated) | Recommended for managing risk in volatile markets. |
⚠️ RISK WARNING: Futures trading carries substantial risk, and the possibility of both significant profits and losses exists. Use stop-loss orders and only trade with money you can afford to lose.
What are your thoughts? Will BTC hold $80k or are we heading lower?
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