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#BTCUSDT : Short-Term Bearish Pressure, But Bullish Reversal Likely! Trade Setup Inside 🔥
🔍 Key Insights
1. Bearish Short-Term:
- STOCHRSI (86.3) → Overbought!
- OBV (-25,309) → Selling pressure building.
- Negative Funding Rate (-0.03%) → Futures sentiment bearish.
- Basis (-33.18) → Spot > Futures = Weakness.
2. Bullish Hope:
- MACD (221.8) → Bullish momentum brewing.
- RSI (53.6) → Neutral, room to climb.
- Bollinger Bands → Price hugging MID-band (104,641), a bounce here = 🚀.
- Long Positions Dominating (69.9% of total positions)!
### 🎯 Trade Strategy
- Entry (Long): $104,150 - $104,600 (MID Bollinger Band + Support Zone).
- Exit (TP): $105,940 (Upper Bollinger Band) → Partial exit here.
Final TP: $106,500 (24h High Breakout).
- Stop Loss: $103,650 (Below 24h Low).
- Entry (Short): Only if price rejects $105,900 (Upper Bollinger Band).
TP: $104,150, SL: $106,100.
### ✅ Surety Rate:
- 75% Confidence in LONG setup → MACD + RSI support upside!
- Short-term pullback likely, but bulls will regain control.
### ⚠️ Risk Note:
Watch USDC liquidity flows & Bitcoin ETF news. Volatility expected!
#BTC #CryptoTrader #BinanceTrading #BullishReversal ---
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