$BTC

🔻 Technical Analysis for BTC/USDT – Short Trade Signal (Bearish) 🔻

✅ Trend View:

Overall Trend: Short-term bearish correction.

Recent Candles: Show clear selling pressure after failing to stabilize above the 110,000 level.

Moving Averages:

MA(7) and MA(25) have crossed bearish.

Price is below MA(99), reinforcing the bearish trend.

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 weak 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 an increase in selling.

📉 Market Outlook: $BTC

Staying below 108,000 reinforces the bearish outlook.

If 106,000 is broken sustainably, we may see acceleration towards 104,300 and 102,000.

Note: This is an analytical recommendation only; ensure to use capital management and conduct personal analysis before making any decisions.