$BTC #Followers #Everyone.

To determine the best entry point for a short position, let's analyze the current market situation and identify potential signals for a bearish trend.

### Analysis of Current Chart (Given Data):

1. **Price:** 67,624.6 USDT

2. **MACD:** 49.5 (bullish, positive value)

3. **RSI:** 70.6 (overbought territory)

### Indicators of Potential Short Entry:

- **RSI Overbought:** RSI above 70 typically indicates that the asset is overbought and could be due for a pullback or reversal.

- **Resistance Levels:** Identify key resistance levels where the price might struggle to break through and reverse.

### Short Entry Strategy:

1. **Watch for Reversal Signals:**

- Look for candlestick patterns indicating a bearish reversal, such as a bearish engulfing pattern or a shooting star.

- Monitor for divergence between the price and RSI or MACD (e.g., price making higher highs while RSI makes lower highs).

2. **Key Resistance Levels:**

- **First Resistance:** 68,000 USDT (recent high).

- **Second Resistance:** 68,459.7 USDT (24h high).

3. **Confirmation:**

- Wait for the price to test and fail at resistance levels.

- Look for confirmation with a break below key support levels or moving averages.

### Recommended Short Entry Point:

- **Entry Point:** Consider entering a short position if the price fails to break and hold above the recent high (68,000 USDT) and shows signs of reversal. A break below the 67,500 USDT level with strong selling pressure could be a good entry signal.

### Example:

- **If the Price Moves to 68,000 USDT:**

- Watch for rejection at this level.

- If the price starts to decline and breaks below 67,500 USDT, it might indicate a good short entry point.

### Risk Management:

1. **Set Stop-Loss:**

- Place a stop-loss order above the recent high or resistance level (e.g., 68,500 USDT) to limit potential losses.

2. **Set Take-Profit:**

- Target key support levels for take-profit. For example, the next support might be around 66,500 USDT.