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Bitcoin/US Dollar | Sell

Entry Point: 92,000

Target: 87,500

Stop Loss: 93,200

General Trend:

The price has reached a strong resistance area near 92,000, after a rapid upward movement, which increases the likelihood of a short-term downward correction.

Support and Resistance:

Current Resistance: 92,000 - 93,000

First Support: 89,000

Second Support: 87,500

Technical Indicators:

Relative Strength Index: Above 70, indicating a clear overbought area.

MACD: Shows a slowdown in upward momentum and may be approaching a negative crossover.

Trading Volume: Begins to decline with the rise, reflecting weak buying power.

Candlestick Pattern: Signs of a reversal candle on the four-hour timeframe.

Forecast:

As long as the price remains below 93,000, the bearish scenario remains in place, and targeting 87,500 is possible if the support level of 89,000 is broken.

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