In my previous post, I warned about Bitcoin’s potential decline, and as predicted, it has dropped from $93K to $87K. While I still believe BTC could reach $100K, $150K, or even $200K, we might see a dip to $40K–$50K first.
Current Market Update
BTC/USDT is trading at $87,388, down 5.89%, after breaking key support levels.
The 24-hour low of $86,781 signals strong selling pressure.
Key Levels to Watch
Resistance: $89,500 – A breakout could push BTC toward $91,000 and $93,700.
Support: $86,500 – A breakdown may lead to further downside toward $85,000 and $83,700.
Market Insights
Parabolic SAR: Bearish trend, suggesting continued downside pressure.
MACD: Deep in negative territory, indicating strong downward momentum.
Volume: High selling volume increases the risk of further declines.
Trade Setup
Long Entry: Above $89,500, targeting $91,000 and $93,700.
Short Entry: Below $86,500, with downside targets at $85,000 and $83,700.
Stop Loss: $88,500 to manage risk.
Bitcoin is at a critical level—wait for confirmation before entering trades. #MarketPullback
Making $500 on Binance shorts involves a combination of leverage, proper risk management, and accurate market analysis. Here’s a step-by-step approach:
1. Understand Short Selling on Binance
Shorting means betting that the price of a crypto asset will go down.
Binance allows margin trading and futures trading for shorting.
You can short using isolated margin, cross margin, or futures contracts.
2. Choose the Right Trading Pair & Market Conditions
Look for downtrend confirmation using technical analysis (e.g., lower highs, lower lows, moving averages).
Check for bearish indicators like RSI overbought conditions, MACD crossovers, or support breakdowns.
Choose high-volume assets like BTC, ETH, or trending altcoins.
3. Use Leverage Wisely
Binance Futures allows up to 125x leverage, but higher leverage = higher risk.
To make $500, if using 10x leverage, you need a 5% price drop on your position.
Example: With $1,000 capital and 10x leverage, you control a $10,000 short position. A 5% drop = $500 profit.
4. Set Stop-Loss & Take-Profit Levels
Set a stop-loss (SL) at 1-2% to limit potential losses.
Take profit at a reasonable level (e.g., 5-10%) based on market structure.
Use trailing stop-loss to secure profits in volatile conditions.
5. Monitor Market Sentiment & News
Stay updated on Bitcoin dominance, liquidation levels, and funding rates.
Avoid shorting during strong bullish news or whale accumulation.
Use Binance’s order book and heatmap to track large sell orders.
6. Execute & Manage Your Trade
Use limit orders for better entry and exits.
If scalping, consider lower timeframes (5m, 15m charts).
If swing trading, watch for major support/resistance breaks.
Example Trade to Make $500
1. Short ETH at $3,000 with 10x leverage ($1,000 capital → $10,000 position).
2. ETH drops 5% to $2,850.
3. Your profit: $500 (excluding fees & funding rates).
Would you like help with specific shorting strategies or indicator setups?
1️⃣ Choose a Method: Use ASIC miners (best), join a mining pool, or try cloud mining (no hardware needed). 2️⃣ Get Equipment: Buy an ASIC miner, install mining software (CGMiner, NiceHash), and set up a Bitcoin wallet. 3️⃣ Start Mining: Connect your miner, join a mining pool (e.g., Slush Pool), and begin earning BTC. 4️⃣ Check Profitability: Consider electricity costs, mining difficulty, and BTC price before starting.
Worth it? Mining is competitive and energy-intensive—cloud mining or altcoins may be better options. Let me know if you need help!