$BTC /USDT TRADE ANALYSIS – BEARISH PRESSURE MOUNTING! 📉
📊 Risk-Reward Ratio: 1:2.5 (A Solid Setup for Short-Term Traders!)
This trade offers a balanced risk-reward ratio, ideal for traders looking to capitalize on a potential downward move.
📌 Trade Setup
🔹 Entry Zone: $79,500 - $79,728
🎯 Take-Profit (TP) Targets:
TP1: $78,694 (recent 24H low)
TP2: $78,000 (next support level)
TP3: $77,000 (stretch target for bears)
🛑 Stop-Loss (SL): $80,361 (above the recent high for risk management)
Spot Trade: Click ➡️ $BTC
Future Trad: Click ➡️ $BTC
📊 Trade Analysis
Price Action: Btc has dropped sharply from a high of $88,500, falling below $80,361 and now trading at $79,728.40. The price is testing the $78,694 level (24H low), and a break below could signal further downside toward $78,000 or lower.
MACD Bearish Signal: The MACD shows a bearish crossover (DIF: -839.53, DEA: -465.25, MACD: -374.29), with the histogram deep in negative territory. This confirms strong selling pressure and supports the bearish trend.
RSI Oversold Signal: RSI at 22.32 is in oversold territory (<30), indicating intense selling momentum. While this suggests a potential bounce in the short term, the overall trend remains bearish unless momentum shifts.
Volume Spike: Volume has increased to 235.701K, above the 5-period MA (2.087M) and 10-period MA (1.331M). This uptick in volume during the downmove validates the bearish pressure and shows strong seller participation.
Support and Resistance: The $78,694 level (24H low) is the immediate support to watch. If it breaks, the next support lies at $78,000, with $77,000 as a deeper target. Resistance is at $80,361 (recent high), and a break above this would invalidate the bearish setup.
🔥 Final Thoughts
✅ Bearish Outlook: The sharp drop from $88,500, confirmed by a bearish MACD and high selling volume, suggests BTC could see more downside. A break below $78,694 could trigger the next leg down toward $78,000 or lower.