#BTC☀ In this BTC/USDT 30-minute chart, BTC is trading below its 99-period moving average (purple line) and close to its 25-period moving average (pink line), suggesting a bearish trend in the short term. The MACD at the bottom is in the negative zone, indicating momentum may still favor the downside, though there could be consolidation or a minor pullback.

Suggested Action:

Sell Position (Short)

Entry:

Consider entering a short position around the current price of 87,958.

Stop-Loss:

Place a stop-loss above the 99-period moving average (around 89,300) to protect against a potential breakout.

Target:

Set a target around the recent low near 84,300 for potential profit if the downtrend continues.

If BTC starts trading above the 99-period moving average with strong volume, it might signal a reversal. In that case, a reassessment for a potential buy setup could be warranted.