$BTC /USDT BEARISH SETUP WITH POTENTIAL DOWNSIDE BREAK
$BTC/USDT is exhibiting bearish momentum as price consolidates near key moving averages MA(7), MA(25), and MA(99), which are tightly grouped but showing signs of weakness. MACD remains negative, indicating potential further decline.
Entry: Initiate short positions around 116,650 to 116,700 to capitalize on downward momentum.
Targets: TP1 at 116,200, TP2 at 115,600, aligned with recent support levels.
Stop Loss: Place above 117,150 to protect against unexpected bullish reversal.
Risk Management: Keep risk per trade within 1-2% of portfolio. Use stop loss orders to control losses and confirm bearish signals with volume before adding to positions.
Exercise discipline to effectively navigate the bearish scenario in $BTC/USDT.
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