BTC/USD – Trading Signal
🔽 Sell Signal (Short-Term Bearish Bias)
Entry Point: $107,900 – $108,500
Stop-Loss: $110,200 (above resistance)
Take-Profit 1: $104,000
Take-Profit 2: $100,800
Risk/Reward: ~1:2.5
📉 Justification:
The MACD is negative, indicating ongoing bearish pressure.
The RSI is around 30–35, slightly in the oversold zone but without a clear rebound.
The price was rejected at the key resistance level (~$110,000) and remains below the 20 and 50-day moving averages.
The descending channel remains active, signaling a bearish trend.