$BTC To explain when to open a short or long position based on the chart of (BTC/USDT 15-minute timeframe), we’ll break it down

1. Current Price Action

Current price: $94,925.33

Recent high: $95,461.53

Recent low: $93,742.54

Price is rising after a dip — potentially testing resistance at $95,169.30

2. Indicators

a. Williams %R (14):

Current value: -28.54

Williams %R ranges from 0 (overbought) to -100 (oversold)

Above -20 is overbought (potential short)

Below -80 is oversold (potential long)

At -28.54 → Slightly overbought, but not extreme. Suggests potential slowdown in upward momentum.

b. OBV (On-Balance Volume):

OBV is not rising significantly, suggesting that volume is not supporting the uptrend strongly.

Flat or dropping OBV during rising prices = weak buying momentum (bearish divergence).

3. Strategy Suggestion

a. Open Short (Sell) If:

Price fails to break above resistance around $95,169 or $95,460

Williams %R crosses above -20 (strong overbought)

OBV continues to fall or stay flat = bearish divergence

Entry: Around $95,000–95,200

Target: $94,000 or lower

Stop Loss: Above $95,500

b. Open Long (Buy) If:

Price retraces to support around $94,000–$94,200 and holds

Williams %R drops below -80 and reverses upward

OBV starts rising again

Entry: Around $94,000–94,200

Target: $95,000–95,500

Stop Loss: Below $93,700

Summary:

Right now: Slight bearish pressure building (good moment to wait for rejection near resistance to short).

Not ideal to open long yet — better to wait for dip confirmation.