$BTC preparing for the next movement ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ

๐Ÿ“‰ Conclusion: Recommendation to Take SHORT (Short Term)

Reason:

Price has rejected from resistance 102,200.

EMA7 is starting to flatten, volume is decreasing, and RSI is declining โ†’ potential correction.

MACD has not given a downward signal yet, but it could be a lagging indicator.

โš™๏ธ Ideal Short Setup

Short Entry: 101,600 โ€“ 101,800

Target 1: 100,800

Target 2: 99,800

Stop Loss: 102,400

๐Ÿ” Brief Analysis

1. Price Structure & MA/EMA

Current price: 101,567.66

Price is slightly above EMA7 and EMA25 (slightly bullish).

EMA7 > EMA25 > MA20 โ†’ there is still upward momentum, but starting to weaken.

Price rejection at 102,200 previous resistance area.

MA200 & EMA200 are still far above (area 103,800 โ€“ 105,000) โ†’ major trend is still bearish.

2. RSI (6)

RSI: 56.70 โ†’ neutral, starting to decline โ†’ momentum weakening.

3. MACD

Positive histogram but starting to flatten, indication that momentum is beginning to fade.