📉 $BTC Analysis – Potential Short Opportunity

Trend: Bearish

Trade Plan:

🔻Sell Entry Zone: Look for a rejection near the 50 EMA around $68,750 if BTC retests this area.

Target: $67,568 to capitalize on short-term selling pressure.

Stop-Loss: $69,250, just above the 50 EMA and resistance level to manage risk in case of an upward breakout.

Key Levels:

Resistance: $68,750 (50 EMA and previous supply zone)

Support: $67,568 (local support area)

Analysis:

$BTC continues to exhibit a downward trend, with price trading below the 50 EMA and struggling to gain upward momentum. The Mean Reversion reinforces this bearish momentum, as BTC remains near the lower boundary of the channel, indicating persistent selling pressure.

50 EMA: Acting as a dynamic resistance, the 50 EMA has capped BTC's recent upward attempts, reinforcing the bearish trend.

Stochastic Oscillator: Although the Stochastic is in the oversold region, it has not crossed upward significantly, suggesting that buying pressure is not yet strong enough for a reversal.

⚠️ Note: Keep an eye on the 50 EMA retest for confirmation of continued downward pressure. This setup offers a high probability due to alignment of technical indicators, but always consider market conditions and manage risk appropriately.#BTC☀ #btcanlaysis