🔍 Current Market Overview:

Current Price: 106,191.1

24h High: 106,750.1

24h Low: 104,570.8

Short-Term Trend: Showing bearish pressure, with price falling below MA5, MA10, MA30, and MA60.

📉 Chart Analysis (5-Minute):

Trend: Recent candles are red, and moving averages (especially MA5 & MA10) are sloping downward, which indicates short-term selling pressure.

Volume: Volume is low in recent candles – indicating weak buyer strength.

Support Level: Near 105,948

Resistance Level: Around 106,405 – 106,750

🎯 Entry Decision Guide:

✅ Do NOT enter a long (buy) trade right now.

The price is below all key moving averages (MA10, MA30, MA60).

The trend is bearish, and BTC is losing momentum after rejection from 106,750.

Wait for a bullish signal or candle pattern (like a double bottom, engulfing candle, or bullish divergence on RSI).

✅ Recommended Strategy on MEXC (Futures):

🔻 Short Trade (Sell) — If Price Breaks 106,000:

Entry: Below 106,000

Target: 105,600 or 105,300

Stop-loss: Above 106,400

📈 Wait for Long Trade — If Price Reclaims 106,400:

Entry: Above 106,400 (with confirmation)

Target: 106,700–106,900

Stop-loss: Below 106,150

🧠 Should You Trade as Hobby or Living?

🔸 If Hobby:

Trade small capital, focus on learning.

Use 1x–5x leverage max.

Avoid overtrading; practice strategy with patience.

🔹 If Living (Full-Time Trading):

⚠️ Only do this if:

You have strict risk management rules.

You understand technical and fundamental analysis.

You have enough capital to survive losses.

You can handle high stress and risk.

In this chart setup, a professional wouldn't trade long now. Wait for a proper breakout or a better structure

✅ Final Verdict:

⚠️ Avoid long trade for now.

⏳ Wait for breakout (either below 106,000 for short or above 106,400 for long).

📉 Right now, scalping short on weakness is safer than going long.