#BTCUSDTAnalysis #BTCUSDT

bearish on positional trades and intraday . for safe side only going short after the violation of support at 82091 , not seeing any volume that can drag bulltrend for now . if any fundamental/high impact new/event etc came into play maybe then market will go bullish. not seeing any indications of bullishness as far as My technical analysis . after violation of 82091 short position can be taken with managed risk . here valid violation will be 2 healthy bear candles blow 82091. or 3% price decrease from past 24 hours .

Until the break of that level happens avoid getting into positions with one or two confluences market is making an ellipse . ellipses have tendency to convert supply into same length of demand . because it usually contract and expanded volume within itself and often appears at time of some news or any fundamental event of anticipation .

in case of valid breakdown of support supply tendency/target-1 can be around 79950 .

analysis is valid for intraday positions and scalp only.

Note : not a trading signal or financial advice .