$BTC /USDT SHORT TRADE SETUP - Leveraging Bearish Momentum
Based on the attached 15-minute chart for
$BTC /USDT:
Bitcoin is currently trading at $101,894.26, having experienced a significant rejection and showing clear immediate bearish momentum. The price has sharply dropped below both the MA(7) ($102,415.76) and the MA(25) ($102,878.85). These key moving averages now act as immediate overhead resistance, confirming a strong shift to seller dominance in the very short term.
The most recent red candle is large and aggressive, indicating a decisive move by sellers. With the price now below the short-term MAs, the bears are likely targeting the recent swing low of $101,699.91 and potentially the 24h Low of $100,813.59.
The moving averages are currently showing:
MA(7) ($102,415.76) is below MA(25) ($102,878.85), and both are trending down towards the longer-term MA(99). This short-term bearish alignment (a Death Cross is already forming between MA(7) and MA(25) on the 15m chart) adds conviction to the short setup.
Target Points (Take Profit)
TP1: $101,699.00 (Targeting the immediate swing low support visible on the chart)
TP2: $101,250.00 (A key psychological level and potential support below the swing low)
TP3: $100,850.00 (Extension target just above the 24h Low of $100,813.59)
Stop Loss (Risk Management)
Set stop loss at $102,500.00 to limit upside risk. This level is set just above the MA(7) to exit the trade if the price reclaims immediate short-term control and moves back into the previous range.
Trade with caution and manage your risk! Market volatility remains high.
Buy and Trade here on
$BTC
#BinanceSquare #CryptoTrading #BTCUSDT #Signals #bitcoin