Bitcoin 15-Minute Chart Analysis : Potential Sell Setup :

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Overview :

The provided chart highlights a short-term bearish setup for Bitcoin based on the 15-minute timeframe. Utilizing Fibonacci retracement levels, trendline support, and resistance zones, the analysis suggests a day-trading opportunity with clear entry and exit points.

Key Insights :

Trendline and Fibonacci Levels :
Bitcoin is trading near critical retracement levels at 94,550 USD (0.618) and 94,404 USD (0.786).
A break below these levels could initiate a sharper sell-off toward lower Fibonacci extensions at 93,978 USD (1.272) and 93,676 USD (1.618).

Resistance Zones :
Immediate resistance lies at 95,250 USD, with strong rejection visible near 95,626 USD.
Price is struggling to sustain upward momentum above the trendline.

Risk-to-Reward Setup :
Stop Loss : Above 95,626 USD (key resistance).
Target Levels : 93,978 USD and 93,676 USD, offering a favorable risk-to-reward ratio.

Market Sentiment :
The current long wick candles near resistance suggest seller dominance.


Day-Trading Strategy :

Entry Point :
Sell below 94,550 USD (confirmation of breakdown).

Stop Loss :
Place above 95,250 USD (key resistance zone).

Take Profit Levels :
Target 1 : 93,978 USD (1.272 Fibonacci extension).
Target 2 : 93,676 USD (1.618 Fibonacci extension).


Conclusion :

Bitcoin's 15-minute chart indicates a potential bearish move with clear rejection near resistance. A breakdown below the trendline and critical Fibonacci levels could lead to further downside, making this an actionable sell opportunity for day traders.

Pro Tip for Investors :
Short-Term Scalping : Use smaller position sizes and leverage to minimize risk.
Monitor volume and lower timeframes to confirm bearish momentum before entering trades.

Stay updated on macro market news that could quickly reverse short-term trends.