I am a new trader, I only share my own analysis with you, I am not forcing you to take any trade, so recharge and take trades yourself, I am only sharing my trades with you,
Price continues to respect the main descending trend with consecutive lower highs. The recent rejection near dynamic resistance confirms sellers are still in control.
The resistance zone has now been breached, opening the door for a strong downside continuation, especially as the overall market remains extremely weak.
On-Chain Metrics: The creation of 556,830 new BTC wallets and significant BTC withdrawals from exchanges indicate growing investor interest and reduced supply on exchanges.
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⚠️ Risk Management
Stop Loss: Set at $98,500 to limit potential losses if the market reverses.
Position Sizing: Use appropriate position sizing based on your risk tolerance and trading capital.
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Note: This signal is based on current market conditions and technical analysis. Always conduct your own research and consider your financial situation before making trading decisions.