🔴BTCUSDT Trading Signal 💸
Timeframe: 1 hour ⏰
Pair: Bitcoin/USDT
Trading Setup:
📉 Sell Signal: Open sell trades now or at $58,940.00.
Target Prices:
1. $56,160.00 🎯
2. $54,317.00 📊
3. $51,670.00 🚀
Stop Loss: $59,980.00 ⛔️
Analysis:
📊 Classical Technical Analysis: Bearish trend identified.
🕯️ Price Action: Sell signal confirmed by candlestick patterns.
🔍 Fibonacci: Retracement levels indicate potential support.
📈 RSI: Overbought conditions, indicating potential reversal.
📊 Moving Average: Death cross formation.
🔴 Ichimoku: Bearish cloud formation.
📈 Bollinger Bands: Price touching upper band, indicating potential pullback.
📊 Increased selling pressure observed in the last 24 hours.
📉 Downward trend expected to continue in the short term.
📊 Support levels at $56,000 and $54,000.
📈 Resistance levels at $60,000 and $62,000.
Disclaimer: DYOR and NFA.
#NeiroOnBinance #BinanceLaunchpoolHMSTR #BinanceLaunchpoolCATI #FTXSolanaRedemption #GrayscaleXRPTrust
