📊 $BTC /USDT Technical Analysis: Short-Term Insights for Traders

🔍 Current Price: $90,489.27 (-0.40%)

Bitcoin remains in a tight range, testing key levels with notable 24-hour volume of 92,300 BTC ($2.58B USDT).

Market Snapshot:

24h High: $94,587.18

24h Low: $88,722.00

Trend: Price hovers near $90,500, indicating indecision.

Technical Indicators:

EMA: Price trades below the 15 EMA, signaling short-term bearish momentum.

Bollinger Bands: Narrowing bands suggest reduced volatility; a breakout may be imminent.

RSI: Neutral zone, hinting at balanced momentum.

MACD: Bearish crossover confirms selling pressure is dominant.

🎯 Short-Term Trade Setup:

Bitcoin shows potential for short trades if it fails to reclaim the $91,000 resistance. Monitor for confirmation of trend direction.

🎯 Targets:

1. Target 1: $89,500 (recent support zone)

2. Target 2: $88,000 (key psychological level)

3. Target 3: $86,000 (major support)

🚨 Stop-Loss: $91,500 (above resistance).

📌 Strategy: Set tight stop-losses and watch for volatility spikes. A breakout above $91,000 could invalidate the bearish setup.

This is not financial advice. Conduct your own research before entering trades.

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