$BTC
Current BTC price is 88,599 USDT, based on recent movements, we will determine the strategy.
Analysis:
1. Trend and correction
• According to the chart, it has been rejected around 90,000 USDT and is currently declining.
• The previous support level may be in the range of 85,000 - 86,000.
2. Short-term strategy (Scalping / Day Trading)
• Entry: SHORT at 88,500 - 88,600 USDT
• Stop-Loss: 89,200 USDT
• Take-Profit: 87,500 - 87,000 USDT
3. Long-term strategy (Swing Trading)
• If the price drops to the range of 87,000 - 86,500, a LONG position may be taken.
• Stop-Loss: 85,800 USDT
• Take-Profit: 90,000 - 91,500 USDT
Conclusion:
• Currently, going short is safer as the price is returning down from a high point.
• If the price stabilizes around 86,500, it could be a good point to go long.
• Risk management is essential! Stop-losses must be strictly enforced.