🔷 BTC/USDT
🟩 Long / Short?
• Short: The market sentiment is currently 85.69% short, suggesting a short bias. The price has been hovering near resistance levels and showing signs of a potential pullback.
♻️ Leverage?
• Recommended Leverage: 3x to 5x. With Bitcoin’s volatility on the 1-minute chart, these levels offer a safer margin while still providing opportunities for profit.
👉 Entry?
• Ideal Entry: Around $97,340, where the price is testing resistance, showing signs of exhaustion at this level.
Target 🎯
• Target 1: $97,000 (first support, nearby lower resistance)
• Target 2: $96,500 (stronger support zone, lower volume region)
• Target 3: $96,000 (psychological support level, significant drop)
💥 Stop-Loss (SL)? ⛔
• Stop-Loss: $97,750. This is just above the current resistance, giving room for potential breakout, but limiting losses if the market reverses.
Market Analysis:
• Current Price: $97,324
• 24h Change: +0.05%
• 24h High: $99,540.61, 24h Low: $95,393.84
• Volume: 2,820,447,079.26 USDT, indicating a large market movement and liquidity.
Bitcoin’s Influence: Bitcoin is showing minor positive movement (+0.05%), and although it remains in a short-term resistance zone, the short bias is stronger on the 1-minute timeframe.