#BTC☀ Recommendation: SELL Signal Strengthening
Analysis:
1. Price Drop: BTC/USDT has declined to around 87,431 USDT, down from the previous highs, indicating potential weakness.
2. Moving Averages: Price is close to the MA(99) level at 86,179.08, which could act as support. However, the break below shorter-term MAs (7 and 25) suggests a bearish trend.
3. Order Book Sentiment: Strong selling pressure at 97.84%, showing dominance of sellers in the market.
Action:
Sell near the current price (87,431 USDT).
Target (Take-Profit): Set target around 86,200 - 86,000 USDT, with potential to go lower if bearish momentum strengthens.
Stop-Loss: Place a stop-loss above 88,500 USDT to limit losses in case of a reversal.
The high selling sentiment and bearish indicators support a short position, but ensure tight risk management due to possible volatility near key support levels.