Trading Signals for $BTC
Entry Range: $98,800 - $99,200
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Action: Short Position
SL (Stop-Loss): $100,000
TP (Take-Profit): $96,800 - $93,500
Bitcoin is currently in a downtrend, having dropped 5.62% in the past 24 hours. The price is nearing a potential support zone around $98,800, which could break if selling pressure continues. On the 15-minute chart, there appears to be a bearish consolidation pattern, with lower highs forming. This suggests the price might continue to slide further.
The high 24-hour trading volume indicates strong market activity, likely driven by selling pressure. Scalpers can capitalize on shorting at the current resistance levels near $99,200, targeting a break below $98,800. The stop-loss at $100,000 limits risk exposure if BTC reverses direction.
🥂Trade Now👇$BTC
![](https://bin.bnbstatic.com/image/admin_mgs_image_upload/20201110/87496d50-2408-43e1-ad4c-78b47b448a6a.png)
🚨Note: Trade at your own risk. Always perform your own research (DYOR).
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