$BTC #BTCNextMove #ElSalvadorBTCReserve #MarketCorrectionBuyOrHODL?
🟩 CLEAR POSITION: SHORT (Confidence: 70%)
Bitcoin (BTC/USDT) futures indicate bearish momentum as the price struggles below resistance, with potential for further downside in the short term.
♻️ Recommended Leverage: 10x
👉 Entry Zone: $94,700 - $95,000
🎯 Targets:
• T1: $94,100 (-0.6%)
• T2: $93,500 (-1.2%)
• T3: $92,700 (-2.3%)
• T4: $91,800 (-3.4%)
⛔ Stop Loss: $95,600
📊 IF STOP LOSS TRIGGERS:
Reversal Strategy
• New Entry Zone: $96,100 - $96,400
• New Targets:
• T1: $96,800 (+0.4%)
• T2: $97,600 (+1.2%)
• T3: $98,500 (+2.5%)
• New Stop Loss: $95,400
📈 Key Technical Justifications
1. Relative Strength Index (RSI):
• RSI on the 30-minute timeframe is at 48, indicating neutral to bearish sentiment with room for downside movement.
2. MACD Divergence:
• MACD remains below the signal line, suggesting continued bearish pressure with no immediate reversal signs.
3. Moving Averages:
• Price is trading below both the 20 EMA and 50 EMA, reinforcing a short-term bearish trend.
4. Volume Profile:
• Lower volume during recent price attempts to recover indicates weak bullish momentum, favoring shorts.
🔍 30-Minute Overview:
BTC/USDT has entered a consolidation phase after rejecting the $95,500 resistance level. The current setup suggests potential for further downside, with support levels at $94,100 and $93,500. A breach below $93,500 could accelerate selling pressure toward $91,800. Traders should remain cautious and monitor market sentiment closely.