$BTC
Chart Analysis & Trade Setup (BTC/USDT - 1H Chart) 🚨
🩸Key Levels:
Support: 94,088
Resistance: 98,120
Current Price: 95,553
🩸Trade Direction: SHORT
Entry Price: 95,600 - 95,800 (retest of moving averages)
Stop-Loss: 96,200 (above recent rejection area)
Take-Profit Target: 94,100 (support level)
🔥Reasoning:
Lower highs forming, indicating a bearish trend.
MA5 & MA8 are sloping downward, confirming downside momentum.
Failed to hold above 96,000, suggesting sellers are in control.
💡Final Verdict: SHORT Position Only
Wait for a slight push to 95,600 - 95,800, then enter short with a target near 94,100.
⚠️ Disclaimer !
This is just educational purpose only always take final decision base on your own research because crypto market is inherited risky & highly Volatile .
