$BTC /USDT short trade signal 🚦, 🛑
BEARISH RETEST UNDERWAY — SELLERS PUSH BACK AFTER MA BREAKDOWN
Bitcoin is currently trading at $84,537 after a sharp rejection from $86,100. Price has broken below the 25 MA and is now retesting the 99 MA from below, which has flipped into resistance. If BTC fails to reclaim this level, further downside pressure is likely in the short term.
Trade Setup (Short):
Entry Zone: $84,600 – $84,800
Take Profit: $83,300 / $82,200
Stop Loss: $85,250
Market Outlook:
Volume has decreased during the current bounce, suggesting a lack of bullish strength. As long as BTC remains under the 99 MA, bearish momentum could accelerate, especially if support at $83,300 fails. Watch for a decisive candle close below $84,000 for confirmation.
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