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Louis Otis
--
Louis Otis
·
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Bearish
Reference at the beginning of the day for BTC on 28/02/2026.
Current Long entry can take short TP 66,400
SL 500

Mainly SHORT (yesterday anyone who entered at 68k should move SL to positive
Current price: $65,908 | 24h volatility: -1.83% | 30-day trend: -25.93%

Technical indicators:
- RSI(14) = 33-36 (near oversold zone)
- MACD: Bearish, MACD line below Signal and line 0
- Bollinger Bands: Constricted, breakout is coming
- Price is below both MA 50 and MA 200 (Downtrend)

SHORT trading plan:
- Entry: $66,300 - $66,500 (wait for a pullback to resistance R1)
- TP1: $65,000 | TP2: $62,500 | TP3: $60,000
- Stop Loss: $68,500
- Risk/Reward: 1:2.86

Scenarios:
- Continue to decrease (65%): Pull back to $66,500 then drop to $60,000
- Technical recovery (25%): Protect $65,000, pull back to $68,000-$70,000
- Sideways (10%): Fluctuate $65,000-$67,000

Note: RSI is near the oversold zone so be cautious of Short Squeeze. Market sentiment Extreme Fear, ETF cash flow is withdrawing. Always set Stop Loss.#creatorpadvn $BNB @Binance Vietnam
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC+1.10%
307
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