#XmasCryptoMiracles $BTC
Current trend:
The price has reached a peak of 108,353 and is currently declining.
The EMA lines (7, 34, 90, 200) indicate that the short-term trend is weakening.
Important support level is at 87,545.30.
Pattern:
The chart suggests a bearish pattern with the expectation that the price will test lower support levels, particularly around 63,769.94 in the medium term.
Entry to short position
Entry point:
If the price breaks 96,440 strongly with high trading volume, you may consider a short entry.
Additional confirmation if the price breaks below support 87,545.30.
Take profit point:
Next support area: 87,545.30.
Major target area: 63,769.94.
Stop loss:
Set a stop loss above the nearest resistance area 107,768.87 to limit risk if the price reverses.
Note:
Monitor price action and trading volume for confirmation.
