📉 Bitcoin (BTC/USDT) – Recommendation: #SHORTBTC

🔍 Technical Analysis

1H Frame:

Current Price: ~$85,374 USD

RSI: Near 70, indicating the market is in overbought territory.

MACD: The MACD line crosses below the signal line, indicating a short-term bearish signal.

Candle Pattern: A Doji candle appears at the resistance area, indicating market indecision.​

4H Frame:

Trend: Price is approaching a strong resistance area at $85,500 USD.

RSI: Near 65, indicating the market is nearing overbought territory.

MACD: The MACD line is above the signal line but shows signs of convergence, warning of a potential reversal.​

🎯 Trading Strategy

Enter SHORT: When the price approaches the $85,500 – $85,700 USD range with a clear price rejection signal.

Profit Target (TP):

TP1: $84,300 USD

TP2: $82,900 USD

TP3: $81,500 USD

Stop Loss (SL): Above $86,200 USD​