$BTC
🔻 Technical Analysis for BTC/USDT – Short Trade Signal (Bearish) 🔻
✅ Trend Overview:
General Trend: Short-term corrective downtrend.
Recent Candles: Show clear selling pressure after failing to stabilize above the 110,000 level.
Moving Averages:
MA(7) and MA(25) have crossed bearishly.
Price is below MA(99), reinforcing the downtrend.
MACD: Clear bearish crossover, with a decline in green momentum and an increase in red bars.
RSI: At level 48 – below the strength level (50) indicating weakness in upward momentum.
🔧 Short Trade Setup:
Entry: 107,700 USDT
Take Profit 1 (TP1): 106,000 USDT
Take Profit 2 (TP2): 104,350 USDT
Stop Loss (SL): 108,900 USDT
Risk to Reward Ratio (R:R): Approximately 1:2
📊 Supporting Technical Indicators:
MACD: Negative crossover – selling momentum is increasing.
RSI: Negative below 50.
Volume: Gradual decline in buying volumes with increasing selling.
📉 Market Outlook: $BTC
Staying below 108,000 reinforces the bearish outlook.
If 106,000 is broken firmly, we may see acceleration towards the 104,300 and 102,000 areas.
Note: This is just an analytical recommendation, make sure to use capital management and conduct personal analysis before making any decisions.
