#btcdumping $BTC $ETH $XRP

Current trend:

BTC is undergoing a downward adjustment after reaching a peak of 108,353 USDT.

The EMA lines (7, 34) are crossing downwards, confirming a short-term downtrend.

The current price (93,602 USDT) is below the EMA 34 and approaching significant Fibonacci support levels.

Important support and resistance:

Resistance: 95,856 USDT (EMA 34), 108,353 USDT (previous peak).

Support:

86,629 USDT (nearest support).

76,000 USDT (EMA 200, Fibonacci level 0.618).

61,938 USDT (Fibonacci level 0.382).

49,000 USDT (strong support, previous low).

Forecast:

If the price does not hold at 86,629 USDT, BTC is likely to drop further to the area of 76,000 USDT (EMA 200), and then retest lower support levels.

Short position strategy

Entry point:

Entry 1: 94,000 - 95,000 USDT (resistance area near EMA 34).

Entry 2: If the price breaks 86,600 USDT, you can wait for a pullback to this area to enter.

Stop Loss:

Set Stop Loss above 96,000 USDT (above resistance EMA 34).

Target:

TP1: 86,600 USDT (nearest support).

TP2: 76,000 USDT (EMA 200).

TP3: 61,900 USDT (Fibonacci 0.382).