Based on the BTC/USDT daily chart from Binance at 07:37 PM PKT on June 5, 2025, here’s a concise short trade setup:
Entry Point: The current price is $104,177.00, testing the resistance zone ($104,177.00–$111,980.00).
Enter a short position if a rejection is confirmed (e.g., a bearish candlestick like a shooting star or a drop below $104,177.00). For now, you could enter at $104,177.00 with confirmation of weakness.Stop-Loss:
Place a stop-loss above the resistance zone at $112,000.00 to account for potential breakout attempts. This limits your risk if the price breaks higher.Take-Profit: Target the next support at $97,365.92, as marked on the chart. A more conservative target could be $100,000.00 for a quicker exit.Risk-Reward Ratio:
From $104,177.00 to $112,000.00 (stop-loss), you’re risking $7,823. Targeting $97,365.92 gives a profit of $6,811, which is a 1:0.87 risk-reward ratio. Adjust position size to risk no more than 1-2% of your account.Indicators: RSI (6) at 34.26 suggests momentum is fading, supporting a potential pullback. Watch for declining volume on the daily chart to confirm selling pressure.Action:
Short at $104,177.00 on confirmation of rejection, stop-loss at $112,000.00, target $97,365.92. Monitor price action closely for confirmation.$BTC
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