$BTC

Let’s break this down step by step.

📈 Chart Analysis

From your screenshot:

• Pair: BTC/USDT

• Current Price: $109,207.11

• 24h High: $109,700.00

• 24h Low: $107,800.01

• Trend Indicators:

• EMA(9): $108,239.57 (blue line)

• EMA(21): $107,234.18 (red line)

• RSI(25): 56.73 (neutral)

• RSI(100): 54.72 (neutral)

The price is above both EMAs → short-term trend is still bullish.

RSI is mid-range → no overbought signal yet.

However, the price is near the recent local high ($110,530.17), so it could face resistance around $110,500–$111,000.

🧩 Is Shorting Logical Now?

Pros:

• Price is near local resistance → possible pullback.

• Multiple rejections near $110,500 before.

• If BTC fails to break $110,000–$111,000, a pullback to EMAs is possible.

Cons:

• Trend is still bullish above the EMAs.

• No overbought RSI yet.

So, shorting here is aggressive and only makes sense if you expect resistance to hold.

✅ Possible Short TP Levels

If you open a short:

1. First TP: $108,200 → EMA(9)

2. Second TP: $107,200 → EMA(21)

3. Extended TP: $105,700–$106,000 → next support zone on the chart.

📌 How to Manage It

• Stop Loss: Above $110,700–$111,000

• Entry: Near $109,500–$110,000

• TP1: $108,200

• TP2: $107,200

• TP3: $105,700

⚠️ Key Tip

Watch price action at $110,000–$111,000:

If it breaks and holds above, close the short to limit losses.