🚨 BTCUSDT: Short-Term Pullback Likely - Bearish Swing Trade Setup! 🚨

Analysis Summary

- Bearish Signals Dominant:

- StochRSI (86.4) & Williams %R (-14.1): Overbought territory.

- OBV (-27,800): Selling pressure accelerating.

- Long/Short Ratio (69.28% Long): Overcrowded longs → contrarian reversal risk.

- Basis Rate (-0.05%): Perpetual trading below spot (bearish sentiment).

- Bullish Mitigations:

- MACD (272.2) & RSI 6 (61.6) support upside, but exhaustion signs clear.

- Verdict: Expect a short-term correction before bulls regroup!

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### Trade Strategy

Direction:BEARISH (Short-term swing trade)

- Entry Zone:105,500 - 105,800

Why? Resistance at 24h High (105,858) + Upper Bollinger Band (106,033.7).

- Targets:

- TP1: 104,500 (Middle Bollinger Band support).

- TP2: 103,500 (Lower Bollinger Band + 24h Low confluence).

- Stop Loss:106,150 (Above Upper Bollinger Band).

- Leverage: Low (3-5x to avoid volatility wipeout).

Confidence:75% (Strong technical confluence but trend remains mid-term bullish).

### Key Risks

1. Unexpected macro catalyst (e.g., ETF news) could break resistance.

2. If BTC holds above 106,150, cancel trade and reevaluate.

3. Always use ≤2% portfolio risk per trade!

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