$BTC

#ShareYourThoughtOnBTC **Post for Placing a Down Trade in BTC/USDT**

**Trade Idea: Short BTC/USDT**

- **Current Price:** $103,154.5 (+3.67%)

- **24h High/Low:** $104,361.30 / $99,090.66

- **Key Indicators:**

- EMA(7) below EMA(25): **103,081.07** vs **102,075.21** (Bearish crossover potential).

- MACD: **-150.36** (DIF < DEA), signaling bearish momentum.

- RSI (1 Year): **65.01%** (Approaching overbought territory).

**Entry Zone:** $103,150 - $104,000 (Near 24h high resistance).

**Targets:**

1. $101,125 (Support level).

2. $99,321 (24h low range).

**Stop Loss:** $104,735 (Above recent swing high).

**Risk/Reward:** ~1:3 (Conservative).

**Strategy:** Short on rejection at resistance, confirm with MACD divergence.

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*Note: Monitor volume spikes and EMA(99) at $98,768 for trend confirmation.*

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**Alternate Scenario:**

If price breaks $104,735 with high volume, reconsider short and wait for pullback.

**Tools Used:** EMA, MACD, RSI, Order Book imbalance (55.78% Sell pressure).

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**Disclaimer:** This is not financial advice. Always DYOR.

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**Two English Words:** "Bearish Momentum"