$BTC #BTCNextMove #ElSalvadorBTCReserve #MarketCorrectionBuyOrHODL?
š© 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.
ā»ļø Recommended Leverage: 10x
š Entry Zone: $94,700 - $95,000
šÆ Targets:
ā¢ T1: $94,100 (-0.6%)
ā¢ T2: $93,500 (-1.2%)
ā¢ T3: $92,700 (-2.3%)
ā¢ T4: $91,800 (-3.4%)
ā Stop Loss: $95,600
š IF STOP LOSS TRIGGERS:
Reversal Strategy
ā¢ New Entry Zone: $96,100 - $96,400
ā¢ New Targets:
ā¢ T1: $96,800 (+0.4%)
ā¢ T2: $97,600 (+1.2%)
ā¢ T3: $98,500 (+2.5%)
ā¢ New Stop Loss: $95,400
š Key Technical Justifications
1. Relative Strength Index (RSI):
ā¢ RSI on the 30-minute timeframe is at 48, indicating neutral to bearish sentiment with room for downside movement.
2. MACD Divergence:
ā¢ MACD remains below the signal line, suggesting continued bearish pressure with no immediate reversal signs.
3. Moving Averages:
ā¢ Price is trading below both the 20 EMA and 50 EMA, reinforcing a short-term bearish trend.
4. Volume Profile:
ā¢ Lower volume during recent price attempts to recover indicates weak bullish momentum, favoring shorts.
š 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.
