#BTCBackto100K

Looking at the **BTC/USDT daily chart**, here's a breakdown of the current situation and strategy for a potential **sell (short)**:

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### **Chart Overview**

- **Price:** $102,600

- **Recent High:** $104,145.76

- **RSI(6):** 80.61 — *Overbought*

- **Stoch RSI:** 81.61 — *Also in overbought zone*

- **MACD:** Bullish but starting to flatten

- **Bollinger Bands:** Price touched the upper band, a potential reversal zone

- **Candlestick:** Sharp wick on the top of the last green candle suggests selling pressure

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### **Sell Signal Analysis**

You’re in **extreme overbought** territory on both RSI and Stoch RSI. Price has sharply spiked and hit the **upper Bollinger Band**, followed by a long upper wick — often a **sign of exhaustion**.

So, yes — a **short entry can be considered**, but only **after confirmation** like:

- Red candle closure or bearish engulfing

- Breakdown below EMA7 (currently ~$98.9K)

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### **Sell Entry and Targets**

**Entry Zone:** $102,500–$103,000

**Stop-Loss:** $104,500 (above recent high)

#### **Profit Targets (TP):**

1. **TP1:** $98,000 (EMA7 support)

2. **TP2:** $94,500 (EMA20 zone)

3. **TP3:** $91,000–$92,800 (EMA50 + middle Bollinger Band)

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DYOR $BTC