🚨🚨$BTC /USDT Technical Analysis🚨🚨
📊The recent price action in $BTC /USDT has been characterized by consolidation within a narrow range. The 5-minute chart shows a potential bearish divergence between price and the RSI, suggesting a possible downward correction.
Short-Term Outlook:
📉 Short Entry: Consider a short position around the current price level of 96,916.02.
🛑 Stop-Loss: Place a stop-loss order above the recent high of 97,624.62 to manage risk.
🎯 Take-Profit: Target a move towards the 24-hour low of 96,092.01.
⚠️Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Please conduct your own research and consult with a qualified professional before making any investment decisions.
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