$BTC /USDT TRADE ANALYSIS – BEARISH TREND WITH MORE DOWNSIDE AHEAD! 📉

📊 Risk-Reward Ratio: 1:3.0 (A High-Conviction Setup for Strategic Traders!)

This trade offers a stellar risk-reward ratio, perfect for traders looking to capitalize on a potential continuation of the downtrend!

📌 Trade Setup

🔹 Entry Zone: $77,800 - $77,999.99

🎯 Take-Profit (TP) Targets:

TP1: $74,508 (recent 24H low)

TP2: $72,000 (next support level)

TP3: $70,000 (bearish stretch target)

🛑 Stop-Loss (SL): $79,964.88 (above the recent high for risk management)

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BTC/USDT | Spot | Click Here 👉 $BTC

BTC/USDT | Spot | Click Here 👇 $BTC

📊 Trade Analysis

Price Action: #BTC has plummeted from a high of $88,500 to a low of $74,508, and is now trading at $77,999.99 after a slight bounce. The price is struggling to break above $79,964.88 (recent high), and a failure to do so could lead to another leg down toward $74,508 or lower.

Volume Spike: Volume has increased to 173.340K, slightly below the 5-period MA (1.804M) but above the 10-period MA (3.186M). The uptick in volume during the downmove validates the bearish momentum, though a larger spike would confirm a stronger trend continuation.

Support and Resistance: The $74,508 level (24H low) is the immediate support to watch. If it breaks, the next support lies at $72,000, with $70,000 as a deeper target. Resistance is at $79,964.88 (recent high), and a break above this would invalidate the bearish setup.

🔥 Final Thoughts

✅ Bearish Dominance: $BTC’s sharp decline from $88,500, backed by a bearish MACD and steady selling volume, signals more downside potential. A failure to break $79,964.88 could trigger the next drop toward $74,508 and beyond!

📌 Smart Play: Enter a short position between $77,800-$77,999.99, set a stop-loss at $79,964.88, and target TP1 at $74,508 to lock in early profits. Scale out at TP2 and TP3 if the bearish momentum persists. Keep an eye on volume for confirmation and watch RSI for signs of a potential bounce!