Bitcoin is currently trading at $85,198, showing a modest intraday gain of approximately 0.99%. Despite this uptick, the 1-hour chart indicates a prevailing bearish trend, with the price positioned below key moving averages.  
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🔍 Technical Indicators
• EMAs (20/50/200): BTC is trading beneath all three exponential moving averages, reinforcing the short-term bearish outlook. 
• MACD: The Moving Average Convergence Divergence (MACD) shows negative values, suggesting continued downward momentum.
• RSI: The Relative Strength Index is below 30, indicating oversold conditions. While this could hint at a potential rebound, it also reflects the strength of the current downtrend. 
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📈 Trade Setup (Short Position)
• Entry: $85,500 
• Stop Loss: $86,200 
• Take Profit Targets:
• TP1: $84,000
• TP2: $82,800
• TP3: $81,500
• TP4: $80,400
• TP5: $78,000 
This setup capitalizes on the current bearish momentum, with multiple take-profit levels to manage risk and lock in gains.
