๐Ÿšจ Bitcoin (BTC) Short Signal Alert ๐Ÿšจ

Bitcoin is currently trading around $102,962, showing signs of potential bearish momentum.

Technical Indicators:

RSI Divergence: The Relative Strength Index (RSI) is indicating bearish divergence, suggesting a possible price reversal.

MACD Crossover: The Moving Average Convergence Divergence (MACD) has recently crossed below its signal line, reinforcing the bearish outlook.

Volume Analysis: A decrease in trading volume during recent price increases hints at weakening buying pressure.

Trade Setup:

Entry Zone: $104,000 โ€“ $104,500

Target 1: $103,200

Target 2: $102,640

Stop-Loss: Above $105,500

Risk Management:

This setup offers a risk-reward ratio of approximately 1:3.5, with a stop-loss at 0.48% and potential gains of 1.7% to 3.1%.

Note: Always conduct your own research and consult with financial advisors before making trading decisions.