$BTC based on the BTC/USDT 15-minute chart, here’s the analysis and strategy:
Market Trend & Conditions:
• Current Price: 82,907 USDT
• 24h Low: 81,200 USDT
• 24h High: 90,959 USDT
• Moving Averages: The price is below MA(7), MA(25), and MA(99), indicating a strong downtrend.
• MACD: Negative and below the signal line, suggesting bearish momentum.
• Volume: Increased volume on the last dip, indicating possible accumulation or further breakdown.
Recommended Trade: SHORT Position
Since the price is struggling to break above resistance and still trending down, a short position is preferable.
Entry Strategy:
• Enter a short at market price: 82,900 - 83,200 USDT.
• Stop-Loss: 84,000 USDT (above recent resistance to avoid being stopped out by a fakeout).
• Take-Profit Targets:
• First Target: 81,500 USDT (near the recent low).
• Second Target: 80,000 USDT (psychological support level).
• Trailing Stop: Once the price moves 1.5-2% in your favor, set a trailing stop to lock in profits.
Alternative Long Scenario:
• If the price breaks above 83,500 - 84,000 USDT with strong volume, consider flipping to a long position with a target of 85,500 - 86,500 USDT.