If yesterday you believed what I said yesterday about the bearish entry at $96,700, then today you would have made a profit of $94,000. Now for the second time, I am analyzing #BTCUSDT /#BTCUSD that it will drop to $92,000, it's up to you whether you want to believe it or not, that's your own business.

Based on the latest analysis, the current Bitcoin market #BTCUSDT is showing bearish indications. The latest technical indicators show that the RSI (Relative Strength Index) is in an 'Overbought' condition, indicating potential price decline. Although there are some bullish signals, the current bearish strength is more dominant.

Analysis Details

1. Bearish Indicators:

RSI: Indicates an 'Overbought' condition, which is often followed by a price decline.

2. Market Price:

Last Price (Spot): 93,923.8 USDT

Last Price (Contract): 93,883.50 USDT

24-Hour Change: -0.20%

24-Hour Volume (Spot): 7,800 BTC

24-Hour Volume (Contract): 69,490 BTC

3. Trader Signals:

Long/Short Ratio: 1.1:1, indicating that there are more long positions compared to shorts, but not significant.

Trading Recommendations

Entry Point: 93,800 USDT (below the current price to anticipate further decline)

Take Profit (TP): 92,000 USDT (conservative target based on support level)

Stop Loss (SL): 94,500 USDT (to limit losses if the market moves against the position)

Conclusion

Currently, it is more advisable to take a bearish position on BTC with an entry around 93,800 USDT, TP at 92,000 USDT, and SL at 94,500 USDT.

However, it is always important to monitor market developments and the latest news that may affect prices.