đš Bitcoin Short Alert đš
Current Price: $89,821
Indicators: RSI: 35 | Ichimoku Cloud: Bearish Signal
đ Market Analysis:
The Ichimoku Cloud confirms a bearish trend as the price remains below the Kumo (cloud), which serves as a strong resistance zone. The Tenkan-sen and Kijun-sen are aligned downward, supporting seller dominance. Additionally, the RSI at 35 suggests the price still has room to decline before reaching oversold conditions.
đĄ Trend Confirmation:
Ichimoku Analysis:Price below the cloud: Bearish trend intact.Tenkan-sen below Kijun-sen: Momentum favors short positions.Chikou Span below price: No bullish reversal signs yet.RSI Analysis:Neutral/low at 35, indicating potential for further downside.Watch for divergence to detect possible trend reversal.
đ Current Strategy:
Short Position: Active at $90,000 with profit targets around $88,500.Long Setup: If RSI hits extreme oversold levels (below 30), watch for Ichimoku signals to reassess the trend.
đ Tips for Traders:
Keep an eye on the RSI; oversold conditions combined with Ichimoku cloud resistance could indicate a reversal.Protect profits by adjusting stop-loss levels as the price approaches key supports.For Ichimoku users, wait for a breakout above the Kumo to confirm a bullish trend.
đ Stay updated with real-time analysis, and trade wisely! Let me know your thoughts below. đđ
