BTC/USDT | 1H Technical Signal
Market Bias: Bearish
Entry Range: $103,200 – $103,600 (on potential pullback)
Stop-Loss: $104,000
Take-Profit Targets:
TP1: $102,400
TP2: $101,800
Technical Indicators:
MA(7) is trading below MA(25), confirming short-term bearish momentum.
Order Book Sentiment: Sellers 34.35% | Buyers 65.65% – Buyer interest is rising, but bears still hold control.
Trading Strategy:
Remain bearish as long as BTC stays below the 25-period moving average. Consider short positions on a retracement toward the $103.5K area. A confirmed close above MA(25) would invalidate this setup.
