$BTC Based on the provided $BTC/USDT trading data, here are the potential short signals for Binance:
Short Signals:
1. Price Below MA(7):
- Current Price: $87,677.99
- MA(7): 87,970.09
- The price is below the 7-period moving average, suggesting a short-term bearish momentum.
2. Weak Volume:
24h Volume (USDT): 1.91B(relatively low compared to recent highs).
Volume MA(5) is below MA(10), indicating weakening buying pressure.
3. Resistance Near 24h High:
- 24h High: 88,539.63 (price failed to break this level, signaling rejection).
4. MACD/EMA Crossover (if available):
- If the MACD line crosses below the signal line or EMA(7) < EMA(25), it would confirm a short signal.
Actionable Short Entry:
Entry Zone: $87,700 - $88,000 (below MA(7) and near resistance).
Stop Loss: Above $88,540 (24h high).
Target: $86,300(near MA(99) support).
Always confirm with additional indicators (e.g., RSI for overbought conditions, candlestick patterns like bearish engulfing).
- Monitor Bitcoin dominance and macro trends for stronger conviction.
Would you like a deeper analysis with additional indicators?