#BTC☀ Based on the latest BTC/USDT chart:
Market Analysis
Current Price: $98,255.47
Trend: Slightly bearish to sideways.
EMA Analysis:
EMA (7) is slightly below EMA (25), which signals a short-term bearish momentum.
EMA (99) is acting as resistance near $98,154, suggesting the price is struggling to break higher.
Recommendation:
Sell Position:
Entry Point: Around $98,200–$98,400, as the price is close to resistance.
Stop Loss: $98,800 (to avoid losses in case of an upside breakout).
Take Profit Targets:
Target 1: $97,600 (next support level).
Target 2: $97,100 (stronger support zone below).
Alternatively:
Wait for confirmation of a breakout above $98,800 for a buy signal.
Adjust your position size and risk tolerance accordingly. Let me know if you need further clarification!